Here are some of the most common questions that we hear when talking to business owners about selling their businesses. The purpose of this document is to provide a brief summary of the many steps in the escrow process.Kristina Reed is experienced in advising business owners in all of the legal issues that may be involved in the purchase or sale of commercial property. If you are filing your final return and reporting the sale of the business assets, see the last bullet under "Line 2. Purchases Subject to Use Tax. The BR-11 (Buyer Representation Agreement) is an agreement between a potential buyer of real property and a real estate broker.