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. Get your Business Tax Receipt.The county and city will require a Business Tax Receipt license. File your Annual Report or an Amended Annual Report using a credit card. Updates will post within minutes of filing! Below is a list of forms that you may download for free from our website. Seller shall sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase and acquire from Seller, free and clear of any Encumbrances. To do that that, you create your own new corporation and acquire the assets of the existing company, whether or not it is incorporated. The FAQs below contain general information to assist in the administration of tangible personal property tax. The experienced West Palm Beach business transaction attorneys at our firm can discuss the details of a business purchase or sale with you today.