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.
Sale Of Assets Vs Sale Of Business In Texas
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
There is an essential difference between the two. 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.In an asset purchase in Texas, the buyer acquires all or part of a business's assets. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. In a Texas asset purchase, the buyer buys all or portion of a company's assets. Most buyers prefer an asset sale because it generally does not include the transfer of the seller's liabilities. A stock sale involves the purchase of the entire business, including all assets and liabilities. This way, the buyer acquires ownership of the business. A major tax consideration when you sell your business is whether you should sell the assets of the business or your stock in the company.