A purchaser of the assets of a business will be liable for any unpaid sales tax of the seller, as well as any accrued interest and penalties related thereto. Learn the tax implications for each type of sale.An asset sale occurs when a business sells all or a portion of its assets. The Ohio sales and use tax applies to the retail sale, lease, and rental of tangible personal property as well as the sale of selected services in Ohio. Browse 161 businesses for sale in Cuyahoga County, OH on BizBuySell. The sale of a business usually is not a sale of one asset. Instead, all the assets of the business are sold.