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.This form is for general instructions that apply to all corporation tax forms. It includes a variety of topics about how to fill out your form. ASSET PURCHASE AGREEMENT between ORANGE GLO INTERNATIONAL, INC. 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. Subpart B of this part provides variances and exemptions from the requirements for certain sales of assets.