Many Buyers will require that a sale be structured as an Asset Purchase in order to avoid responsibility for prior liabilities or expenses of the business. Wondering how to sell your business?If the Assessor sends you a BPS, the law requires that you complete, sign and return the statement to the Assessor's Office in the time period specified. Complete and file Form 4797: Sale of Business Property. Enter your total taxable and nontaxable sales for the reporting period, including lease and rental receipts. Real Estate: If you own the property where your business operates, decide whether to include it in the sale or lease it to the new owner. Once registered, you can apply for or renew licenses and pay through a secure link with our online payment provider. Whenever you buy, sell, or discontinue a business, you need to contact CDTFA. Stock sale: The sale of a business can be structured as either an asset sale or a stock sale.