An asset sale is a common method for transferring business ownership. The purchase and sale agreement for the business entity or assets is a vital document.If you are involved in the purchase or sale of a business and need legal representation, call the legal team at BoyesLegal APC today! Selling or Buying Small and Medium Sized Businesses in San Jose through Asset Sales. In an asset sale, the company transfers the assets of the business to the buyer. There are three ways to file the Business Property Statements (571-L) 1. Filing your statement via the internet 2. How do I buy Real Estate from the City? City of San Jose properties listed for sale can be found at Real Estate's home page.