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Asset Purchase Agreement - More Complex

Asset Purchase Of A Business In Montgomery

Category:

Small Business - Business Sale

State:

Multi-State

County:

Montgomery

Control #:

US-00419

Format:

Instant download

Description

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.

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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. Buying, selling, or setting up a business can be a rewarding endeavor and the attorneys at MMC can assist.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. Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale.

Asset Purchase Of A Business In Montgomery

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