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As with any method of exiting from your business, a liquidation should be approached with professional assistance and some important guidelines.Most importantly, you must realize that, even though liquidating is still retailing, the strategy and techniques used are very different from that of an ongoing retail operation: Ultimately, there is very little information easily available to assist you in conducting a liquidation sale.Most prefer to purchase their own new assets (equipment or inventory) and start a new business rather than buy an existing one.Liquidating Your Business So just what is the liquidation option?And they're attracted to the high salaries and benefit packages offered in the corporate world.Or they simply are not capable of continuing the business.The reasons for this are numerous: Your heirs may want nothing to do with a takeover or succession plan.They have been too close to the business for years and know the 24/7/365 routine required to be successful in many small businesses.
And even if you were near or at insolvency, you'd probably find it preferable to liquidate your assets and negotiate amounts owed to your creditors, while at the same time avoiding the stigma of bankruptcy.
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Divided among these three core areas, we are determined to protect the environment with intelligence.
Each sale is different, and textbook solutions for individual stores do not exist.
For these reasons, you should consider using a liquidation consultant.