Conversely, an Entity Sale entails the acquisition of the target company itself, including all of its assets, liabilities, contracts, and legal obligations. Generally, buyers prefer asset sales, whereas sellers prefer stock sales.This article highlights some primary differences between the two structures. Notify the owner of the property that you're considering selling and that they are happy to assign the lease to a new owner. Have maintenance tasks up to date. A major difference between partnerships and S corporations involves the treatment of distributions of appreciated property. Buyers often prefer asset sales because they can selectively acquire assets and contracts without assuming all business obligations. Learn the tax implications for each type of sale. What type of report do I complete? If you operate a business or own assets used in a business, you should complete the Business Personal Property Return.