You must submit a paper filing and a supplemental form to the Assessor's Office. Both forms are on our e-filing site.There are three ways to file the Business Property Statements (571-L) 1. Filing your statement via the internet 2. 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 California Franchise Tax Board (FTB) administers personal and corporate income and franchise taxes for the State of California. To apply for a business license, you may apply online here or complete the Business License Application (New Business Tax Affidavit form). The purchase and sale agreement for the business entity or assets is a vital document. Who must file a Business Property Statement (BPS)?