If the business you are buying includes business assets such as furniture or office equipment, you must pay sales tax on them. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller.A purchaser who receives Form AU196.2 should place the full amount of the purchase price into an escrow account. You must record all property documents for Queens, Brooklyn, Manhattan and the Bronx online using the ACRIS System.