This form is an Asset Purchase Agreement. The seller agrees to sell to the buyer certain assets which are listed in the agreement. The form also provides that the buyer will not be responsible for any unfilled orders from the customers of the seller.
Asset Purchase Buy With Gst In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00419
Format:
Word;
Rich Text
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If a business hasn't been remitting sales tax to the appropriate jurisdictions as required, it can result in back taxes, penalties, and interest being owed. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price.The election provides for no GST (or HST in the HST provinces) to be payable in respect of the purchase and sale of the assets and reduces the cash. Asset Purchase Agreement regarding the Bulk Acoustic Wave Filter Business of INFINEON TECHNOLOGIES AG dated as of June 25, 2008.