An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. An asset sale gives the buyer a clean slate even if they continue using the old company's name.In a stock sale, the buyer acquires equity from the target company's shareholders. Asset Sale lets buyers choose specific assets and liabilities; Stock Sale doesn't. An asset sale otherwise known as an asset deal or asset purchase is a special type of business sale that only deals with assets and liabilities. Learn the tax implications for each type of sale. As the name indicates, an asset sale is one that involves the sale of a business's assets. The Arizona LLC is a better entity than the Arizona corporation in most cases. Learn the advantages and disadvantages of corporations and LLCs in Arizona, and then choose which entity is right for your business.