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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements, comparing them to stock purchase agreements. An asset purchase agreement involves buying the assets of a business, typically when the purchasing entity is newly formed, and the selling business may dissolve if it sells most of its assets. Such sales can benefit the buyer by allowing them to use the purchase amount for depreciation. The advantages and disadvantages of asset sales vary based on the specific circumstances of the purchaser and seller. For further inquiries about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation with a business attorney.
