Washington DC Asset Purchase Agreement Lawyers

A Washington DC Asset Purchase Agreement lawyer you can trust in an invaluable resource for your business. At Antonoplos & Associates, we have provided legal services for over twenty years to a wide range of businesses and are ready assist your business achieve your goals and objectives when the time comes.

Why You Need An Asset Purchase Agreement Lawyer

Most business owners face business-related legal decisions on a daily basis. As the owner of a business this should be no surprise. However, when polled most business lawyers don’t have a trusted asset purchase agreement attorney to represent their business. When asked why?

Most business owners responded that they thought that hiring an asset purchase agreement lawyer to represent their business would be too expensive for their budget. As a result, it appears that a business owners only hires an asset purchase agreement lawyer when serious legal issues come up.

At Antonoplos & Associates we don’t’ think you need a business law firm for every decision you make, however, good legal help is can be an invaluable resource to your company and for many business owners is simply part of the cost of doing good business. For many business owners consulting with a business attorney before making a major business decision can even help save your business money.

Below, you will find more information on how a Washington DC Business Law Firm can help your small business and a few of the situations we believe that you can handle on your own. For more information, contact Antonoplos & Associates today about questions regarding your small business and starting a dialogue with Antonoplos & Associates.

Business Issues That Don’t Require a Business Law Firm

For most small business owners day to day business decision don’t require help from your attorney. Some decisions are straightforward.

Some of the more frequent business decisions that don’t require a business law firm include:

  • Applying for business permits
  • Documenting LLC meetings
  • Submitting your IRS forms
  • Creating and reserving a domain name for your business’ website
  • Researching and choosing the name of your company
  • Hiring independent contractors

While the list above in not exhaustive, we have tried to give you a sampling of the types of decisions that we believe every business owner is capable of making. In contrast, there are other times when you should hire a business lawyer to represent your business.

When Should You Retain A Business Law Firm

If you find that you are facing business legal problems you can’t handle or feel or don’t understand then it may be a good idea to hire a Washington D.C. business lawyer. At Antonoplos & Associates, our business lawyers are dedicated to the goals and objectives of our clients and making them a reality. At the intersection of business and law, our business attorneys are focused on representing the legal needs of Partnerships, Limited Liability Companies, Small Business, C-Corps, S­-Corps and B­-Corps, Startups, Nonprofit Organizations and Publicly Traded Companies interests in the Washington, D.C. metro area and around the country. From formation to governance, to dispute resolution our business lawyers have the breadth of experience to assist our clients in a wide spectrum of business matters.

Our Business Law Practice Focuses On:

  • Business & Corporate Litigation
  • Business Succession Planning
  • Business Start Ups & Entrepreneurship
  • Business & Corporate Transactions
  • Corporations, Partnerships & Businesses: Formation and Governance
  • Business Valuation & Disputes
  • Non Profit Organizations
  • Microfinance, Regulation D, Private Placements & Offering Documents
  • Mechanics Liens & Priority of Interest Issues

What Is An Asset Purchase Agreement

An asset purchase agreement is an agreement involving and finalizing all the terms and conditions related to the purchase and sale of a company’s assets.  Through an asset sale, the buyer only obtains the tangible or intangible assets of a company, but not the legal entity or the liabilities of the business.  Moreover, in an asset sale, the buyer is not necessarily required to purchase all of the assets of the company and can obtain only certain valuable assets, bypassing depreciable or high-risk properties that may be subject to future liability.

Sale through an asset sale allows the seller to retain possession of the legal entity, while the purchaser acquires only the assets of the company, such as equipment, fixtures, leaseholds, licenses, goodwill, trade secrets, trade names, telephone numbers, and inventory. Accordingly, the seller tends to retain the long-term obligations of the company.  Moreover, asset sales tend to generate higher taxes for the seller as intangible assets are taxed at capital gains rates and “hard” assets can be subject to higher ordinary income taxes.  On the other hand, a buyer tends to favor an asset sale as they can allocate values for assets based on their depreciation in order to obtain additional tax benefits.

While buyers tend to favor asset sales as such sales allow the buyer to bypass liabilities, certain assets can be difficult to transfer due to issues of legal ownership, assignability, and third-party consents. Such examples include intellectual property, government or corporate contracts, certain leases, and permits.  Moreover, an asset sale might not necessarily include the name of the business, meaning that the seller’s name-brand recognition could be lost in the sale. Therefore, it is important for the seller and buyer to consider exactly the type of assets they are seeking to sell or acquire, which will determine the type of sale appropriate.

For more information on asset purchase agreements, please contact Antonoplos & Associates at 202-803-5676 or schedule a consultation with one of our experienced attorneys. For general business information, check out our blog.