In an asset sale, the buyer selects specific assets and typically avoids inheriting liabilities. One major difference between a stock sale and asset sale is that the buyer typically does not acquire the existing liabilities of the selling company.Asset Sale lets buyers choose specific assets and liabilities; Stock Sale doesn't. Assets sales are more involved than stock sale in that you have one corporate entity conveying both tangible and intangible assets to another corporate entity. Buyers typically prefer structuring acquisitions as asset deals because they receive a stepup in the basis of the acquired assets.