The Company's sale of tangible personal property in Massachusetts will be subject to the sales tax, unless otherwise exempted. In an asset sale, the new owner purchases the business's physical assets.The seller retains all rights to the legal entity. Section 51: Sale or transfer of corporate assets; procedure. Whether you are buying or selling a business in Massachusetts, completing the transaction without the help of a business lawyer is extremely risky. The right structure for your business sale depends on various factors, including tax implications, the nature of your business assets, and your long-term goals. A MANSARD commercial property expert will give an accurate valuation, convince the buyer of the price, and market the property like it's their own.