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. Orange County Notary Public provides reliable and convenient notarization services.Secure your transaction with our notarized bill of sale template. If you no longer own the above noted business or personal property assessed in your name last year, you do not need to complete this declaration. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.