Asset Purchase Agreements

two men going over a form

What Is An Asset Purchase Agreement?

An asset purchase agreement (APA) is a critical document that outlines the sale of a business or its assets. APAs serve as a roadmap for the transaction, defining the terms, timing and conditions under which the purchase will be completed. Before moving forward with an APA, it’s essential to understand what’s involved to ensure the transaction is smooth and legally sound.

Understanding Business Assets

Business assets are everything a company owns and uses to operate. These assets can be tangible, like machinery, property, office equipment or vehicles — things you can physically see and touch. Equally important, though less visible, are intangible assets, such as goodwill, intellectual property and customer lists. These intangible assets hold significant value and are often key to a company’s success.

When selling a business, the owner has two main options: selling the company’s assets or its shares/membership interests. Selling shares means the buyer takes over the entire business, including its debts and liabilities. In contrast, selling assets allows the buyer to pick and choose which parts of the business they want to acquire, typically leaving the liabilities and debts with the seller.

Why You Need An Asset Purchase Agreement Attorney

Selling a business — whether it’s the company itself or individual assets — is a complex process that demands attention to detail. An APA sets the stage for a successful sale by explaining the reasons for the sale, defining the terms and outlining payment arrangements. Essentially, the APA functions as a detailed, legally binding receipt that transfers ownership of the assets from the seller to the buyer.

Because this document plays such a critical role in the sale process, having a clear and comprehensive agreement is essential. This is where Dan Burke’s expertise comes in. With his extensive experience in small business law, Dan ensures that your APA covers every detail, protecting your interests and making sure the transaction is fair, transparent and legally sound.

You Can Depend On Dan Burke

Dan Burke Attorney at Law prides himself on offering his clients more than just legal advice — he provides peace of mind. His commitment to integrity, precision and personalized service means that your asset sale will be handled with care and professionalism, allowing you to focus on your next steps with confidence.