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Asset Liquidation

January 12, 2011

Are you a small business owner who has made the decision to liquidate your assets? If you’ve gotten to this point, there are many legal and financial matters that will need to be dealt with, including meeting with your attorney and accountant to make sure that you have all your ducks in a row. You want to ensure that the process is a smooth one, and you need to make sure that you are doing everything above the board like making sure that you are following the laws regarding shutting down the business and that you are prepared to deal with the tax issues related to liquidation. Make sure you document everything to save yourself trouble down the road.

The next step is getting your assets ready to be sold. As long as your assets are related to your business, you can pretty much sell anything and everything. Make sure to get an appraisal from a certified machinery and equipment appraiser (CMEA) so that you can get the best possible price for your assets. Cleaning up and fixing your machinery and equipment can help to boost the value of these assets. It is also good to have the necessary manuals and warranty information; this can also help to add value.

The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.

By: NEBB Institute

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