Full Video Transcript
Business assets are tangible and intangible things of value that are used in a business. In an asset sale, a seller remains liable for actions and obligations prior to the transfer. That burden is only alleviated by a contractual promise of the asset buyer to cover those obligations. If you're thinking about putting your company up for sale, it may be better to structure the sale of your business as an asset rather than selling it as a business. Structuring the sale of an asset has certain tax advantages and frees the buyer from liabilities. Contact a professional certified business broker to assist you in planning your asset sale.