This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Asset Purchase For Company In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00418
Format:
Word;
Rich Text
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Asset Purchase Agreement between KNOLOGY BROADBAND OF CALIFORNIA, INC. And ORANGE BROADBAND, INC.A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price. 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. In an asset purchase, the purchaser only acquires the assets and liabilities it identifies and agrees to acquire and assume from the seller. In an asset purchase, the buyer agrees to purchase specific assets and liabilities. This means that they only take on the risks of those specific assets.