Asset-based loans in North Carolina provide borrowers with flexible qualifying terms. Learn more about how asset-based loans work here.Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. Services specifically exempted from sales and use tax are identified in GS § 105-164.13. Below are weblinks to information regarding direct pay permits. An asset purchase agreement (APA) is the contract that governs the sale of your business to the buyer. 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.