Business Liquidation: Where Do You Start?

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Business Liquidation: Where Do You Start?

When you need business liquidation services, it can be difficult to know where to start. Many Lake Mary residents who start their own company have high hopes for the future; however, sometimes the only way to be financially responsible is to liquidate your assets. When this happens, your two main choices will be to attempt to sell everything on your own, or to hire a professional company to take care of everything for you.

Deciding where to start will depend on the financial state of your company. Some Lake Mary business owners will voluntarily search out business liquidation services if they know they will not last much longer. Compulsory liquidation occurs when your creditors force you to liquidate by petitioning the courts so they can be paid what you owe them.

But regardless of why you need the services, the steps will generally be the same:

  1. Hiring a Lake Mary company that is experienced with company liquidation will ensure you get the highest price for your items.
  2. Going over everything from contracts to leases to desk chairs and telephones to figure out how much everything is worth. With permission, you can even sell your customer list, if you are on good terms with them.
  3. Your liquidators will be responsible for selling everything, and will usually work with you to make sure every creditor, shareholder, and debt is paid the correct amount.

Call Orlando Estate for Business Liquidation

Closing your company is never a fun or easy decision; this process can be incredibly stressful. That’s why we aim to help as much as possible. With extensive knowledge and experience with everything from business liquidation to estate sale and auctions, Orlando Estate has the necessary tools to you help you.

We host auctions in downtown Orlando every Saturday, which are open to Lake Mary residents and people from everywhere else. We have an extremely quick turnaround, from when we pack everything up to when you receive your check, minus our commission, in order to make this process quick, easy, and simple for you.

For more information about our services, either commercial or residential, contact us today at 407-290-1000.