07 Apr

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Steps to Liquidating Your Business Equipment

Steps to liquidating your business equipment

When it comes to a business liquidation closing, many things need to be considered beforehand. After all, a business liquidation closing involves many steps that need to be taken for everything to end on smooth terms. Moreover, you will need to value every item that you wish to liquidate, which will likely include your office’s fixtures as well as your equipment. This is because you will want to get the best return on your investment before you finally close up shop for good. Here, we will focus on some steps that you may want to take before your business liquidation closing transpires. Get in Touch…

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04 Dec

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3 Types of Liquidation and What’s Best for Your Situation

3 Types of Liquidation and What’s Best for Your Situation

There are many reasons why a company may need to liquidate its assets. In fact, business asset liquidation is relatively common. For those unaware, when a business is liquidated—regardless of whether it is insolvent or solvent—a formal process transpires whereby the corporate entity stops all transactions. The business assets are sold to the highest bidder,…

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11 Nov

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What Are the Consequences of Liquidating a Company

What Are the Consequences of Liquidating a Company

For many entrepreneurs, opening a company allows them to avoid personal liability for the trading debts of their business, and also to safeguard their personal assets in the unfortunate event of failure. For businesses that operate as a company entity, it is the company that owns all business assets, which also means that the company…

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04 Nov

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What You Need to Know About Liquidation Preferences

What You Need to Know About Liquidation Preferences

If your business has an investor, or if you’re considering working with venture capitalists (VC), then one term that you need to familiarize yourself with is “liquidation preferences,” which indicates who gets paid when your company enters liquidation and the payment order when dissolving assets. It is meant to protect investors in the event that…

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20 Mar

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How to Choose the Best Business Equipment Liquidators

How to Choose the Best Business Equipment Liquidators

Liquidating business equipment means getting back some of the capital that you invested into your wares. Sometimes, businesses liquidate their stock because the equipment is no longer relevant, and upgrades are needed. Other times, liquidation is needed to produce quick cash to satisfy creditors. An unfortunate reality of business ownership is that very often the…

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