This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Asset Purchase In Business In Franklin
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Multi-State
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Franklin
Control #:
US-00418
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Word;
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An asset purchase agreement is a legal contract that outlines the terms of an agreement to transfer assets between parties. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price.This Drake Tax article discusses the sale of an asset used for personal and business use.