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. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.You may file your Business, Professional and Occupational License (BPOL) via online, email, mail, or in person at our business tax department. Whether you need a Fairfax Virginia tax lawyer or a startup business lawyer, call us Now! 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 goodwill or going concern value. This Agreement of Purchase and Sale (this "Agreement") is made as of this ___ day of. "Assignment and Assumption Agreement" means an Assignment and Assumption. Agreement in the form of Exhibit B hereto.