In an asset purchase, the purchaser only acquires the assets and liabilities it identifies and agrees to acquire and assume from the seller. MCC's noncredit programs and certificates provide professional development and personal enrichment in business.A Massachusetts business attorney looks at the legal issues and practical concerns that come with buying or selling a company. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. We have granted the underwriters an option, exercisable within 30 days after the date of this prospectus, to purchase up to 100,000 additional shares of common. 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 if goodwill or going concern value.