The buyer must conduct due diligence to determine who owns particular assets and whether those assets are in any way encumbered. Find top rated California asset purchase agreement lawyers.Post your legal needs and get proposals from vetted lawyers in CA for your APA. The purchase and sale agreement for the business entity or assets is a vital document. Most business owners will be able to take full advantage of e-filing. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. 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. Apply for a New Business Tax Certificate online or at the Business Tax Office. Refundable business registration fee plus special fees. Browse 90 San Francisco Bay Area Business Assets for sale on BizBuySell.