Business liquidation process
Several methods of liquidation abound and may differ depending on the companies that you work with as your business liquidators. However, most of them seem to follow a certain pattern. The first thing is normally to contact the business liquidators and let them know your goals and needs. Many of these companies put minimum requirements for the amount of inventory; so you need to know roughly the size that you are willing to dispose of.
The liquidating firm then sets the date and time for the commencement of the sale of the business assets upon the signing of the contract. The period of sale will depend on your needs and may vary from a day to even several weeks. The business liquidator will charge a small fee for the service.
A good number of business liquidators will, other than conduct the sale of your assets, provide signs, staffing, recommended price points as well as the requisite bookkeeping.