Business Startup

Avoid Unwanted Liabilities When You Buy a Business

Today’s guest blogger is Brian Rogers, a corporate lawyer at St. Louis-based Evans & Dixon. A contracts aficionado, Brian publishes the Contracts Guy blog and he is the editor of his firm’s new project, the Blog for Business Law, which will be launched on April 16.

“Leave the gun. Take the cannoli.” Fictional mobster Peter Clemenza delivers this famous line in The Godfather after a drive into the country with the godfather’s driver Pauli. The driver betrayed his boss and Clemenza has just meted out justice.

Take the good stuff. Leave the bad stuff. That’s the main idea behind buying a business via an asset purchase.

What’s an Asset Purchase?

There are innumerable ways to structure the purchase of a business, but most deals are...

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