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. Business personal property is personal property used in a business for commercial, industrial, residential, and agricultural purposes.THIS RECRUITMENT IS TO ESTABLISH A REGISTER for current and future LAW CLERK UNCLASSIFIED vacancies in the Pima County Attorney's Office. A Sale of Business Assets Agreement is a contract that covers the sale and purchase of tangible and intangible assets of a business.