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Asset Purchase Agreement 101

Asset Purchase Agreement 101 is a summary of the basics behind the purchase and sale of a franchise in the Naperville, Aurora, and surrounding areas.  Gateville Law Firm is your business franchise attorneys.  Our business attorneys are skilled at negotiating and drafting asset purchase agreements and the purchase and sale of a business including a franchise.

ASSET PURCHASE AGREEMENT 

Simply put, an asset purchase agreement is a business agreement where a buyer purchases the assets of a franchise or business.  The goal behind an asset purchase agreement is to limit one’s liability concerns by only purchasing the assets of a franchise, restaurant or business enterprise.  An Asset Purchase Agreement is the most preferred type of business sale for buyers and purchasers of a franchise or business. 

STOCK PURCHASE AGREEMENT

On the contrary, a stock purchase agreement is the type of business agreement where a buyer purchases the entire company such as a franchise, healthcare agency or other business enterprise.  Generally, buyers prefer a stock purchase agreement when they are purchasing a valuable business license, medicaid/medicare license or some other type of asset that is not easily transferrable to a new business entity.  The downside to a stock purchase agreement is a buyer is purchasing the possibility liability concerns of a seller.  Unlike an asset purchase agreement where the buyer is only buying the valuable assets of the business or franchise, a stock purchase agreement is placing one’s business interests in the same position as the seller.  A stock purchase agreement is generally valuable only when one cannot simply purchase the assets of a business or franchise.

NAPERVILLE AND AURORA FRANCHISE ATTORNEY AND BUSINESS SALE ATTORNEYS

Sean Robertson and Gateville Law Firm are business and real estate attorneys experienced in the purchase and sale of a franchise or business in the following areas:

  • Naperville
  • Aurora IL
  • Yorkville
  • Oswego
  • Joliet 
  • Crest Hill
  • Shorewood
  • Bolingbrook
  • Romeoville
  • Will County
  • DuPage County
  • Kane County
  • Montgomery
  • Sugar Grove
  • Plainfield
  • Minooka

As experienced business and franchise attorneys, our business lawyers are experienced in addressing asset purchase agreements, stock purchase agreements, commercial real estate leases, and other legal considerations involved when a person or family purchases the assets of a franchise or business.  Sean Robertson is an experienced business and franchise attorney with over 15 years of experience.  As a DePaul University College of Law graduate, Attorney Robertson has the skill and expertise to service business owners and entrepreneurs.  As a fellow entrepreneur, Attorney Robertson understands how business, tax, and legal considerations impact one another.

EXPERIENCED BUSINESS AND FRANCHISE ATTORNEY FOR THE PURCHASE AND SALE OF A FRANCHISE

Attorney Robertson is an experienced franchise and business lawyer that has significant experience and skill with the following areas of law (related to an asset purchase agreement):

  • Entity Selection and Asset Protection
  • Business Purchase and Sale of a Franchise or Business
  • Commercial Real Estate Leases
  • Sale of Commercial Real Estate
  • Asset Purchase Agreement Drafting and Reviewing
  • Stock Purchase Agreement Drafting and Reviewing
  • Franchise Document Review

Attorney Robertson is passionate about business and franchise law and can help you with your purchase and sale of a business or franchise transactions.  Attorney Robertson may be reached at 630-780-1034.  

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Yorkville, Illinois 60560