An asset sale is a common method for transferring business ownership. This Asset Purchase Agreement (the Agreement ) is made as of the 22nd day of February,.Free Consultation - Call (408) 436-0789 - SAC Attorneys LLP helps companies with business matters in Corporate and Business law. Asset-based loans in California allow you to access financing with flexible terms. Learn more about asset-based lending in CA here. The answer is pretty simple. Figure PPE 21 compares asset acquisitions and business combinations. This figure is not intended to address all accounting similarities or differences. The three basic ways are either through merger, stock purchase (also known as an equity purchase), and asset purchase. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller.