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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements. He contrasts them with stock purchase agreements, highlighting that an asset purchase involves acquiring the assets of a business, typically facilitated by a newly formed entity for the buyer. When a business sells most of its assets, it often dissolves. An asset sale can benefit the buyer, particularly for depreciation purposes, but there are various advantages and disadvantages that depend on whether one is a purchaser or seller. For inquiries about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation.
