We are an asset sale and business law firm serving the Las Vegas area. We help businesses acquire assets, negotiate contracts, and deal with debt issues.I'm purchasing an existing business in Nevada as an asset sale. I'm creating a new NV entity to eliminate all previous. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. Both the buyer and seller must complete IRS Form 8594 during the sale to report the sale and purchase of business assets. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. Line 1: Enter the name, address, and Tax Identification Number (TIN) of the other party (either the purchaser or seller).