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. If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law.Please fill out ALL fields on the Bidder Registration form. Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital assets. For assistance in completing this form, please call the Real Estate Division at or come to the Real Estate Division in-person. Whether you're looking to grow your business, relocate, or start a new business, Allegany County offers the resources and services to help you at every step. The taxes that small business owners do pay in Pennsylvania depend on factors like your business structure, employer status, industry, and business activities. These forms will be useful when filing required documents related to estates of deceased or incapacitated persons. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer.