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. This Agreement constitutes a sale of certain assets of Seller only and is not a sale of any stock in any entity comprising of all or any part of the Seller.The Business, name, and assets, properties and rights being sold are called the "Assets. This article offers guidance on helping clients take advantage selling personal goodwill as a tax strategy. A Sale of Business Assets Agreement is a contract that covers the sale and purchase of tangible and intangible assets of a business.