In the case of an asset purchase, many of the assets will be subject to a lower tax rate, but some assets, such as inventory, will be taxed as ordinary income. When you purchase or sell an asset, you must retitle all property in the new owner's name.This includes leases and equipment titles. How do I fill this out? Thrift McLemore facilitates legal asset sales for buyers and sellers, ensuring full compliance and optimal financial outcomes. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. Recent Georgia Case Illustrates How Not Filing a Tax Bulk Sales Notice in an Asset Purchase Can Be Costly to the Buyer. A sale of assets may be partial or complete. THIS ASSET PURCHASE AGREEMENT (this "Agreement") is entered into as of p.m.