Find forms, samples and fees for most business entity filings here. Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale.The following table lists the acceptable Business forms and schedules for tax year 2023 that may be efiled with FTB. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. Need help selling or buying a business? Romano Law's team provides buyer due diligence, contract negotiation, seller preparation, closing assistance, more. This short-form asset purchase agreement is for use in the sale of a seller's assets for cash. Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital assets. Use a California business purchase agreement to record the sale of a business.