A seller must give all prospective purchasers Form TP153, Notice to Prospective Purchasers of a Business or Business Assets. The sale of intangible assets used in a trade or business are apportioned to New York based on the partnership's apportionment fraction. c.Find info on the process of selling a business and business lawyers with NYC Bar. The buyer purchases the assets, including equipment, fixtures, and goodwill. A business usually has many assets. If the seller owes sales tax, is scheduled for a review, or is under audit, we'll send you Form AU196.2, Notice of Claim to Purchaser. From here, you will need to go into your fixed asset section and show the assets as disposed with the proceeds received as just noted. Are you interested in selling some or all assets of your business? Close the business and liquidate its assets.