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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements, distinguishing them from stock purchase agreements. He explains that in an asset purchase, the buyer acquires the assets of a business, often through a newly formed entity, while the seller may dissolve if most assets are sold. This type of sale can be advantageous for buyers, as they can use the purchase amount for depreciation. McGuire notes that benefits and drawbacks depend on whether one is the purchaser or the seller. For further inquiries, he invites viewers to contact the McGuire Law Firm for a free consultation with a business attorney.
