Before listing your business for sale, conduct comprehensive legal and financial audits to ensure you're compliant with all federal and Minnesota-specific laws. This article highlights the advantages and disadvantages of each.Advantages of an Asset Sale. In an asset sale, the seller may face double taxation. Intangible assets may be subject to capital gains tax. Asset sales and equity sales offer unique advantages and disadvantages that must be carefully considered when deciding to sell a business. Minnesota offers a supportive environment and robust economy for those interested in acquiring a business.