I'm purchasing an existing business in Nevada as an asset sale. I'm creating a new NV entity to eliminate all previous.Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Donated assets should also be reported if fair value upon receipt exceeds the minimum value as stated in the capitalization classes. Non-cash assets received. If you buy multiple assets for a lump sum, you and the seller may agree to a specific allocation of the purchase price among the assets in the sales contract. It may be easier to buy the cash in the cash registers rather than collecting all the cash and then restocking the registers with the buyer's cash.