We offer the personalized and strategic counsel you need to effectively complete these transactions in Queens, Nassau and throughout New York State. An asset purchase agreement is a legal document used when buying or selling a small business.Read on to understand the basics. The application form describes your claim to the. Court. If you plan to sell, transfer, or assign the assets of your business, you must give each prospective buyer a copy of Form TP-153, Notice to Prospective. Asset Purchase Agreements (APA). Can a buy sell agreement effectively: Set the value of the business for buy sell purposes? Fill up the form below and we will get back to you shortly. If the business you are buying includes business assets such as furniture or office equipment, you must pay sales tax on them.