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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements (APAs). He distinguishes between APAs and stock purchase agreements, noting that an APA involves purchasing a business's assets, typically by a newly formed entity. The selling business may dissolve if it sells the majority of its assets. APAs can benefit buyers, allowing them to depreciate the purchase amount for tax purposes. McGuire acknowledges that there are various advantages and disadvantages to both buyers and sellers, which often depend on individual circumstances. He invites viewers to contact the McGuire Law Firm for a free consultation if they have questions about APAs.
