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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements, contrasting them with 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 typically plans to dissolve if most assets are sold. Asset sales can provide benefits to buyers, such as the ability to depreciate the purchased amount. The advantages and disadvantages of asset purchases depend on whether one is the buyer or seller. For further questions about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation.
