True or False: An Asset Sale includes selling the company's stock rather than individual assets.

An Asset Sale specifically involves the sale of a company's individual assets rather than the company's stock itself. In an Asset Sale, the buyer acquires specific assets of the company, which can include equipment, inventory, real estate, and other tangible and intangible assets. This type of transaction is distinct from a stock sale, where the buyer purchases the shares of the company, effectively acquiring ownership of the entire company, including its liabilities, contracts, and other obligations.

The distinction is essential in exit planning and business transactions because asset sales can allow for a more tailored transaction where the buyer selects specific assets they wish to acquire. It can also provide potentially favorable tax implications for either party involved in the transaction. Understanding this distinction is crucial for effective exit planning, as it influences valuation, tax consequences, and the legal transactions necessary for the sale. Thus, the statement claiming an Asset Sale includes selling stock rather than assets is inaccurate, leading to the conclusion that the answer is false.