Below is a general due diligence checklist with the first 8 of 16 items to cover your bases in a business or asset purchase transaction. If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law.The Commercial Real Estate Acquisition Loan (CREAL) Program helps small businesses in low- and moderate-income areas buy property. This course will assist you in handling every aspect of your client's purchase or sale of a business. Summary of Contents. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. Log into your Tax Center profile.