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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements, differentiating them from stock purchase agreements. In an asset purchase, a buyer acquires the assets of a business, often through a newly formed entity, while the seller may dissolve if selling a majority of their assets. This type of sale can offer benefits to the buyer, such as the ability to depreciate the purchased amount. The advantages and disadvantages of an asset purchase depend on whether you are the buyer or seller. For further questions about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation with a business attorney.
