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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements, contrasting them with stock purchase agreements. He explains that in an asset purchase, the buyer acquires the assets of a business, often requiring the buyer to form a new entity, while the seller may dissolve if selling the majority of assets. Asset sales can benefit buyers through depreciation on the purchase amount, though there are various advantages and disadvantages dependent on whether one is the purchaser or seller. For any inquiries about asset purchase agreements, viewers are encouraged to reach out to the McGuire Law Firm for a free consultation.
