A seller must give all prospective purchasers Form TP153, Notice to Prospective Purchasers of a Business or Business Assets. If the business you are buying includes business assets such as furniture or office equipment, you must pay sales tax on them.The sale of intangible assets used in a trade or business are apportioned to New York based on the partnership's apportionment fraction. c. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. A business usually has many assets. Browse 87 NY Business Assets for sale on BizBuySell. Find currently operating NY businesses for sale from restaurants to service businesses. Find info on the process of selling a business and business lawyers with NYC Bar. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer.