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are you an entrepreneur or business owner thats interested in selling your business or purchasing an existing business well if you are theres two primary ways that you can do that theres an asset purchase and theres a stock purchase and both have certain legal implications that you should consider before going one direction or the other an asset purchase is when you purchase or you sell certain assets and liabilities of the business this could be fixed assets or tangible assets such as vehicles equipment fixtures it could also be intangible assets like trademarks or intellectual property now with a stock purchase youre not necessarily purchasing specific assets but youre purchasing the stock or the entity itself if its an llc youre purchasing purchasing the membership interest in the llc if its a corporation well youre person purchasing the outstanding shares of the corporation from the existing shareholders so what are some of the pros and the cons to each transaction well w