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if youre walking to purchase or sell a business a very important consideration is whether to structure it as an asset purchase or a share purchase but what is the difference and what is the right method for you Im John Gallagher from argon law and in this video Id like to talk to you about share sales and how they might work for you if youre looking to purchase a business traditionally you would purchase some or all of the assets owned by the seller and used to carry on the business this is called an asset purchase you may however want to consider instead purchasing the shares in the company that owns the business this is called a share purchase or share sale a show sale agreement is a document that sets out the key elements such as the price for the shares what shares are being sold the sellers warranties and when completion is to happen a big advantage to a share purchase is that in Queensland unless the company is land rich theres no transfer duty payable a share purchase may