Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this. Once you have determined the name of your business you will need to determine the Type of Business that you will file.Basic business terms appear only in the first few pages. Less important terms appear later. Com or call our senior Long Island Business Broker, Raj Sheth, at (516) 749-1756. MEMORANDUM OF SALE The Purchaser's offer and agreement to purchase will be summarized in Memorandum of Sale. Use the Sales Tax Paid in Another State {Sales Tax Form} (PDF) (DTF-804) form to claim credit for the state and local sales taxes you paid in the other state.