The document does not need to be notarized. Your asset purchase agreement will be tailored to your specific circumstances.Include the full legal names, addresses, and contact information of both the seller and the buyer. This information helps identify the parties involved. For notaries commissioned or recommissioned on and after January 1, 2016, the seal must also contain the notary public's Secretary of State ID number. If notarization is necessary, both parties must sign the document in the presence of a notary public. Importance for Both Parties. 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. Learn about different ways Notaries can incorporate their business to protect financial and personal assets. Yes. Certificates of formation can be filed online through SOSDirect 24 hours a day, 7 days a week.