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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements. Unlike stock purchase agreements, an asset purchase agreement involves the buyer acquiring specific assets of a business, often through a newly formed entity. The selling business may dissolve if it sells a majority of its assets. This type of sale can be advantageous for the buyer, particularly for depreciation purposes. However, the benefits and drawbacks depend on the specific circumstances and the roles of the parties involved. For further questions about asset purchase agreements, viewers are invited to contact the McGuire Law Firm for a free consultation with a business attorney.
