This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Form 8594 For Stock Purchase In Utah
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State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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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 if goodwill or going concern value. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.Filing Form 8594 becomes mandatory when goodwill or going concern value is involved in the sale of an insurance agency or book of business. 1. Gather necessary documentation for the asset sale. Both the seller and buyer of the business must file the form with their tax returns. Both the purchaser and seller must file Form 8594, Asset Acquisition Statement Under Section 1060.