The Company's sale of tangible personal property in Massachusetts will be subject to the sales tax, unless otherwise exempted. An asset sale transaction involves the sale of some or all of the assets used in a business from a selling company to a buyer.Line 1: Enter the name, address, and Tax Identification Number (TIN) of the other party (either the purchaser or seller). Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Learn how to fill out a Financial Statement Form, which you need for many types of cases in Massachusetts Probate and Family Court. What are "Asset Step Ups"? In the event of an acquisition, it is typical for acquired assets to be stepped-up to their fair market values. It may be easier to buy the cash in the cash registers rather than collecting all the cash and then restocking the registers with the buyer's cash.