Many Buyers will require that a sale be structured as an Asset Purchase in order to avoid responsibility for prior liabilities or expenses of the business. Please fill out this form so that we may submit this information to the bank.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. 535.0061 Purchase of Out-of-State Assets. A taxpayer purchases the out-of-state assets of a California business which primarily is located outside California.