An asset sale is a common method for transferring business ownership. The purchase and sale agreement for the business entity or assets is a vital document.If you are involved in the purchase or sale of a business and need legal representation, call the legal team at BoyesLegal APC today! Sale of an asset in which the LLC carrys the loan. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Top 10 Best Business Financing Near San Jose, California ; 1. Generally, business owners can only use an installment sale for capital assets that have been held for more than a year. Our hard money lenders in San Jose CA have over 50 years of private financing experience. Call Lantzman Lending today for same day approval at 858-720-0229. The three most widely used sources of funds for financing business purchase assets are buyer's cash, seller financing, and SBA bank loans.