Introduction to Asset Acquisition
An asset acquisition entails the buyer obtaining the business's assets as well as some pre-agreed liabilities. The contract is made between the buyer and the business's asset owner, who could be a single person, a partnership, or a corporation. The company's assets may comprise both tangible ones like real estate, equipment, and stock, as well as intangible ones like goodwill and intellectual property. The buyer will eventually own the company and run it utilising the assets they have just bought.
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