How Do You Buy a Business in North Carolina With an Asset Purchase Agreement? Check your internet and refresh this page.Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Our attorneys help with asset purchase agreements between large corporations as well as small businesses. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Find top rated North Carolina asset purchase agreement lawyers. Post your legal needs and get proposals from vetted lawyers in NC for your APA. So if an asset purchase includes large machines used to make a tangible product for sale, that portion of the purchase price would be exempt from tax.