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In this video, John McGuire from the McGuire Law Firm explains asset purchase agreements. He contrasts them with stock purchase agreements, noting that an asset purchase involves buying the assets of a business, often with the buyer forming a new entity. The selling business may dissolve if it sells most of its assets. Asset sales can be advantageous for buyers, particularly regarding depreciation for the purchased amount. However, the benefits and drawbacks depend on whether you are the purchaser or seller. Viewers with questions about asset purchase agreements are encouraged to contact the McGuire Law Firm for a free consultation with a business attorney.
