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. Regular Vendor's License​​ The Form ST-1 is the Application for Vendor's License to Make Taxable Sales.Those taxpayers who begin business after January 1 must file a "new taxpayer return" (form 920 NT) within 90 days of the first day the business opened. 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. This Drake Tax article discusses the sale of an asset used for personal and business use. This document will provide a guide to the rules and regulations for the preparation and approval of survey plats and legal descriptions. You will need to allocate the amount reflected on form 8594 among all the assets. A typical method is to allocate the proceeds based on the original cost. Grantor's name. Phone. 2. Grantee's name. Phone.