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 ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law. 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.