Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. The New York Bill of Sale form is crucial for ensuring the accurate documentation of the sale and transfer of ownership of property with state regulations.A seller must give all prospective purchasers Form TP153, Notice to Prospective Purchasers of a Business or Business Assets. We encourage you to discuss any proposed transaction in advance with OAG's Charities. Provide a detailed description of the property or asset being sold. Filling out the required application form correctly is crucial. Applicants must provide personal information, including full name and address. Learn about different ways Notaries can incorporate their business to protect financial and personal assets.