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In this video, Matthew Becker from gym lawyers pllc discusses the importance of an asset purchase agreement for gym owners looking to sell or purchase a gym. An asset purchase involves selling only the assets of the gym, such as equipment, the affiliate name, furniture, social media accounts, and other assets. This differs from a stock purchase, as the seller retains ownership of the LLC. Understanding the differences between asset and stock purchases is crucial when buying or selling a gym.
