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Asset sales are the most common way to structure the deal in the small business space. This means you are not giving away or selling your actual entity. The buyer is going to open up their own entity and all the assets are going to transfer over to the new buyers entity. Hence the name “Asset Sale” However, any liabilities or tax “baggage” stays with the selling entity. The buyer does not take that on. The buyer starts fresh with a new entity and typically use a DBA (doing business as) to keep t
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