Closing a business and liquidating assets can be a very complicated procedure subject to many laws and regulations.
You should speak with an attorney or certified public accountant that specializes in business closures.
Servando provides you with a list of the documents which need to be submitted and takes ownership of the process to ensure an as efficient settlement as possible.
Liquidation is always initiated right after the purchase and you will receive the decision and registration information certifying that a decision of liquidation has been taken and that new company officials have been appointed, replacing the previous.
Our network is made up of private liquidation auction marketplaces that B-Stock powers and manages for nine of the top 10 U. Buyers gain access to the liquidation electronics inventory directly from major retailers without the middleman markups of large liquidators.
In addition, they can bid on excess inventory with confidence, knowing they are buying directly from the source.
Liquidating Your Assets Handling Your Financial Obligations Making Your Final Distributions Community Q&A If you are faced with closing your business and you were unable to locate a buyer to purchase the business in its entirety, you should consider selling/liquidating your business’s assets.
There are variety of reasons to close a business, including poor results, owner retirement or poor health, or the loss of a franchise arrangement.
It means that many choose this settlement form in front of others or continued ownership of a non operating company with its associated running costs.Assets are distributed based on the priority of various parties’ claims, with a trustee appointed by the Department of Justice overseeing the process.The most senior claims belong to secured creditors, who have collateral on loans to the business.Liquidation Electronics items are sold in a variety of product conditions including: new, refurbished, returned, non-functioning, open box, and end of life.B-Stock operates a network of liquidation marketplaces enabling small- and medium-sized retailers and resellers to buy liquidation electronics in bulk directly from large Fortune 2000 retailers and manufacturers. We enable these retailers to auction off their surplus electronics inventory directly to smaller resellers at a fraction of MSRP.