Asset Purchase In Cash In Pennsylvania

Category:

Small Business - Business Sale

State:

Multi-State

Control #:

US-00418

Format:

Instant download

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Description

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.

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A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price. Working Capital = Current Assets (cash, accounts receivable, inventory, short term pre-paid expenses, etc.) – Current Liabilities (accounts payable, accrued.When an individual or spouse disposes of an excluded or countable asset, the newly acquired cash or item will count as an asset. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Before finalizing the purchase, it is advisable to form a new legal entity to acquire the business (Asset Purchase).

Asset Purchase In Cash In Pennsylvania

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