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Often when two corporations merge, a question arises concerning which corporation is liable for the franchise tax. A bill of sale that shows "amount due" or "balance due" is not considered a lien and not to be questioned.Use this form to notify DEW when succeeding, in whole or in part, another in the operation of a business. Pursuant to S.C. Regs. This form may be used in place of a bill of sale, when applying for title on a newly purchased vehicle to obtain a 180-day sales tax credit. FieldsFieldsInformation127Expiration date of the last registration226State in which the vehicle was last registered325License plate number on the vehicle If the registration is expired, you will need to obtain a letter of registration verification from your previous state's DMV. ReadMore. Effect on Form 1099B and other transfer statements. By selling a business in full, you will transfer ownership immediately and receive payment right away. Gradual sale, Bill owns a market near his home.