Iowa Sale of Business - Noncompetition Agreement - Asset Purchase Transaction
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FAQ
While buyer's counsel typically prepares the first draft of an asset purchase agreement, there may be circumstances (such as an auction) when seller's counsel prepares the first draft.
Generally, stock purchases are more straightforward than asset purchases. The parties sign the Stock Purchase Agreement and related documents that outline the terms of the deal, and the seller(s) transfer the target company's stock to the purchaser. With this the purchaser assumes all the target company's liabilities.
In a stock acquisition transaction, if the acquisition is a qualified stock purchase and an election is made under Sec. 338, the stock acquisition is treated as an asset acquisition for tax purposes. Under this scenario, the buyer will have the privilege of a step-up in basis of the seller's assets.
An accounts receivable purchase agreement is a contract between a buyer and seller. The seller sells receivables to get cash up front, and the buyer has the right to collect the receivables from the original customer.
An asset purchase agreement is exactly what it sounds like: an agreement between a buyer and a seller to transfer ownership of an asset for a price. The difference between this type of contract and a merger-acquisition transaction is that the seller can decide which specific assets to sell and exclude.
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. While there are many considerations when negotiating the type of transaction, tax implications and potential liabilities are the primary concerns.
An asset purchase involves the purchase of the selling company's assets -- including facilities, vehicles, equipment, and stock or inventory. A stock purchase involves the purchase of the selling company's stock only.
What Is an Equity Contribution Agreement? An equity contribution agreement occurs between two parties that are agreeing to pool together cash, capital, and other assets into a company to conduct business. The capital is provided in exchange for a portion of the equity in the company venture.
An asset purchase involves just the assets of a company. In either format, determining what is being acquired is critical. This article focuses on some of the important categories of assets to consider in a business purchase: real estate, personal property, and intellectual property.