Asset sales are the most common method of selling businesses. Each method of selling your business has it's own benefits and drawbacks.Asset sales and equity sales offer unique advantages and disadvantages that must be carefully considered when deciding to sell a business. In an asset sale, the seller may face double taxation. Intangible assets may be subject to capital gains tax. The drawbacks for a seller mainly center around taxes. Use the free New Jersey Online Filing Service to file your 2024 NJ-1040 return. It's simple and easy to follow the instructions, complete your NJ tax return,. Asset Sale Advantages. This article highlights the advantages and disadvantages of each.