Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.(iii) Signed Articles of Dissolution for , LLC along with any required filing fees for filing same with North Carolina Secretary of State. Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale if goodwill or going concern value. In order to receive the automatic state extension, you MUST fill in the "Federal Extension" circle on page 1 of Form CD-401S.