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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements. Unlike stock purchase agreements, asset purchase agreements involve buying the assets of a business, often by a newly formed entity. Typically, the selling business may dissolve if it sells most of its assets. Asset sales can benefit buyers since they can claim depreciation on the purchase amount. There are various advantages and disadvantages to consider, influenced by the specific circumstances of the purchaser or seller. For further inquiries about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation with a business attorney.
