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In this video, John McGuire of the McGuire Law Firm discusses asset purchase agreements, contrasting them with stock purchase agreements. An asset purchase agreement involves buying the assets of a business, typically by a newly formed entity, while the selling business may dissolve if it sells the majority of its assets. This type of sale can offer benefits to buyers, including depreciation advantages based on the purchase amount. The implications of an asset sale can vary greatly depending on whether one is the purchaser or 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.
