B. The sale of intangible assets used in a trade or business are apportioned to New York based on the partnership's apportionment fraction. The sale of a business usually is not a sale of one asset.Instead, all the assets of the business are sold. If the business you are buying includes business assets such as furniture or office equipment, you must pay sales tax on them. When selling a business, choose wisely between an entity sale and an asset sale, because the decision will affect the taxes you must pay. An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Learn the tax implications for each type of sale.