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.
Difference Between Asset Sale And Business Sale In Georgia
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US-00418
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In an asset sale, the buyer selects specific assets and typically avoids inheriting liabilities. In an asset sale, the new owner purchases the business's physical assets.The seller retains all rights to the legal entity. Asset Sale: Buyer Friendly. During an asset sale, the seller retains legal ownership of the business. Unlike an asset sale, there's nothing you can write off. There's nothing you can depreciate. An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation.