An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. Asset Sale lets buyers choose specific assets and liabilities; Stock Sale doesn't.Learn the tax implications for each type of sale. While an asset sale outshines a stock sale in company structure support, it loses a fair amount of points when it comes to tax implications. Asset Sales involve transferring specific assets and liabilities from the seller to the buyer. In an asset sale, the buyer selects specific assets and typically avoids inheriting liabilities. In an asset sale, the buyer purchases specific assets and liabilities of the business rather than acquiring the ownership of the company itself. Flagstar Bank is a diversified, commercial bank grounded in building relationships to meet clients where they are on their financial journeys.