The purchase or sale of the entirety of business assets, some business assets, or an ownership interest in a business requires three main types of purchase agreements. These include Asset Purchase Agreements, Membership Interest Purchase Agreements and Stock purchase Agreements. This informative CLE course will examine each of these in depth and use specific examples from transactions conducted by the presenter, business law specialist Richard Waxman.

The course will utilize the examples presented by:

• 1) A US subsidiary of an Indian textile company purchasing the assets of the importing division of the US Target, while the target maintained ownership and operation of the assets of its manufacturing division. Following the closing, it manufactured goods and provided interim services for and to the purchaser to explain Asset Purchase Agreements.
• 2) A Membership Interest Purchase Agreement will be explained using the case where a California LLC purchased a 75% stake in the Membership Interest of a New York LLC. This LLC operated art galleries located in multiple states. One 25% owner of the target entity became a 25% owner of the purchasing entity.
• 3) Stock Purchase Agreements will be explained in the case where a 50% owner of a NYC optical products retailer executed a leveraged buy-out of the other 50% owner.

Mr. Waxman has represented sellers and buyers in transactions involving companies sold for millions of dollars as well as smaller sums. He has written and spoken extensively on topics relating to the purchase and sale of businesses and business interests. If you are interested in previewing samples of his presentations on this topic, they are available at: hhttps://waxmanlaw.com/business-and-corporate-law-newsletter/.