Liquidating Surplus Assets: Unlocking Hidden Value in Your Business
It can be a tough time having your business go into liquidation but just because you are going through a difficult period, that doesn’t mean that you shouldn’t use your time to better see the potential that is in front of you as well. One of these hidden pieces of potential can be found in the sale of surplus assets. If you are going through the process of liquidation then you should be sure to consider liquidating surplus assets as you might make a bit of extra money
When a company goes into liquidation, it needs to sell its assets as a means to pay back any creditors that it currently owes money to. Once the liabilities of the company have been settled, it may be the case that there are some remaining assets left over. A lot of the time, this will be the likes of stock as opposed to shares, but whatever it is, they are something that your business could make some money on.
When you go into liquidation you will need to appoint some experts to help you throughout the process. You should ask them if they believe you will have any surplus assets and if so, what they think the best way of dealing with them might be.
Liquidation in terms of business is where you bring a business to an end and distribute the assets of a business to creditors who are owed money. This is an event that generally speaking tends to occur whenever a company becomes insolvent and as such they are not in a position to pay the obligations that it owes.
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