Draw up a comprehensive asset list. An asset list will show a potential buyer exactly what is being sold and the value of each item.A business usually has many assets. The return should include the tax due from business operations to the last day of business, as well as any tax collected on assets that you sell. Businesses contemplating a JV should be mindful of the challenges they present. Below are 5 key considerations to keep in mind when contemplating a JV. What are Asset Sales? In legal terms, business asset sales occur when it sells some or all of its assets to another entity or person.