Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. 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.The seller and the buyer each use Form 8594 to allocate the assets among seven asset categories. Allocation is based on the fair market value. All you need to do is fill out an Application to Update an Existing Certificate of Occupancy to request a name change on the existing certificate of occupancy. Your preparation and careful tax planning may help determine whether the closing of the sale has significant tax issues.