When you are considering becoming a business owner, you have the option of buying an existing business or starting a new one. Selling your business?A Business Purchase Agreement transfers a business entity from its owner to the buyer. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. In Manitoba, an asset purchase and sale transaction won't be complete without considering these three forms: 1. This article will discuss ten key considerations that should be taken into account when acquiring the assets of a Canadian business. Protect yourself with a customizable Sales and Purchase Agreement. A short form agreement for the purchase and sale of certain tangible and intangible property of a Canadian private corporation or limited partnership. Learn the key tax implications for three methods of buying or selling a business in Canada.