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. If you sold business-use property during the year, you had a gain or a loss on the sale.Complete and file Form 4797: Sale of Business Property. Rogerson Business Services is a team of certified business appraisers who can help you unlock the hidden value in your company. Wondering how to sell your business? Boyd Law in Sacramento has successful and experienced business purchase and sale attorneys offering free legal consultations. Where can I obtain assistance in completing the BPS? They can sell the business assets (triggering capital gains and losses based on the difference between the sale price and the cost basis of the assets sold). 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. The purpose of this document is to provide a brief summary of the many steps in the escrow process.