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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements, contrasting them with stock purchase agreements. An asset purchase involves acquiring the assets of a business, often by a newly formed entity, while the selling business may dissolve if selling most of its assets. The buyer can benefit from depreciation on the purchase amount. However, the advantages and disadvantages vary depending on whether the party is the buyer 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.
