This form is an Asset Purchase Agreement. The seller agrees to sell to the buyer certain assets which are listed in the agreement. The form also provides that the buyer will not be responsible for any unfilled orders from the customers of the seller.
Asset Purchase In Business In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00419
Format:
Word;
Rich Text
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Buying, selling, or setting up a business can be a rewarding endeavor and the attorneys at MMC can assist. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price.Below is a general due diligence checklist with the first 8 of 16 items to cover your bases in a business or asset purchase transaction. Generally an asset sale is better because it limits your exposure because the seller's liabilities remain with the seller and do not carryover.