An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. In an asset sale, the buyer selects specific assets and typically avoids inheriting liabilities.Unlike an asset sale, selling your business means you're selling the entire operation. Asset Sales involve transferring specific assets and liabilities from the seller to the buyer. In an asset sale, the buyer acquires some or all of the contents of the business such as equipment, inventory, and accounts receivable. An asset sale is a transaction where the buyer purchases individual assets and liabilities from a business entity. An asset sale otherwise known as an asset deal or asset purchase is a special type of business sale that only deals with assets and liabilities. What is a Tax Foreclosure?