You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. Find asset purchase agreement lawyers for Chicago, IL to hire.No cost to post a project to get multiple bids in hours to compare before hiring. A somewhat basic level high level presentation on the nuts and bolts of asset purchase sale transactions. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Asset purchases occur between a seller and buyer of a company's assets, including facilities, vehicles, equipment, stock, and inventory.