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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements. He contrasts these with stock purchase agreements, explaining that an asset purchase involves buying the assets of a business, typically by a new entity formed for this purpose. When the majority of assets are sold, the selling business usually dissolves. Asset sales can benefit buyers through depreciation on the purchase amount, though there are various advantages and disadvantages depending on whether one is the purchaser or the seller. For further inquiries about asset purchase agreements, viewers are invited to contact the McGuire Law Firm for a free consultation.
