KIA&B 2015 Volume 20, Issue 5 | Page 26

Continued from page 6 Considerations when buying an agency it may also include computer hardware and software, the right to use the selling entity’s name and other furnishings or “hard” assets. Although variations exist, the purchaser in this type of transaction generally is not assuming any liabilities of the selling entity. There is still the need, however, to delineate the specific financial documents provided to the purchaser in connection with the transaction. And, depending upon the fac