If you are interested in the purchase or sale of a small business, you may have many legal needs. Our firm can help you with various small business matters.No matter what the size of the deal, make sure that your lawyer is experienced in the purchasing and sales of businesses and practical. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. Stock purchase agreements are the agreements that parties sign if company shares are being sold or bought. In an asset purchase, the purchaser only acquires the assets and liabilities it identifies and agrees to acquire and assume from the seller. If you are buying or selling the business outright, everything has to be transferred from the seller to the buyer. Seller shall sell, assign, transfer, convey and deliver to Buyer, and Buyer shall purchase from Seller, all of Seller's right, title and interest in the assets. 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.