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[Music] [Applause] [Music] in our practice we represent a number of people that buy or sell a business and when we do that generally we set up what is called an asset purchase so how that works is we have a master purchase agreement and the master purchase agreement is essentially a document that sets out the um the guidelines of how the transaction will be handled we list a number of exhibits that will be used for purchasing the business so one of the first documents is a bill of sale a bill of sale is a document that is used to transfer the personal property of the of the uh business from the B uh seller to the buyer so we will list things like Goodwill we will list uh the inventory we will list the furniture the fixtures the equipment Vehicles whatever there are real estate of course would be transferred with a deed another document that we have is what is called a section 1060 asset allocation agreement that is a very important document its a tax document and what it does is it ta
