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Peter Is Going to Purchase the Assets of Kirsten's Sole

Question 129

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Peter is going to purchase the assets of Kirsten's sole proprietorship. The assets of Kirsten's sole proprietorship have appreciated in value. From Peter's perspective, does it matter whether the purchase is structured as (1) the purchase of the individual assets or (2) the purchase of the sole proprietorship?

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No. Regardless of the legal form of the ...

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