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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements, differentiating them from stock purchase agreements. He explains that in an asset purchase, the buyer acquires the assets of a business, typically formed as a new entity, while the selling business may dissolve if it sells a majority of its assets. Asset purchases can provide advantages to buyers, such as the ability to depreciate the purchase amount. The decision to pursue an asset versus stock purchase depends on the specific circumstances and the involved parties. For questions or assistance regarding asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation.
