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How to Get the Most Out of Selling Business Assets

Sometimes, life just doesn’t work out the way we want it to. The same can be said for business. After closing up a business, you will likely want to start selling business assets. Things like furniture, office equipment, tools, appliances, etc. can be sold in order to pay off any creditors you may have or even better, make one last payday. Identify the Assets to Be Sold Create a balance of assets owned by the business as well as any debts, such as rent, security deposits, and bills. Assets you might include are: Office equipment, computers, phones, cash registers, tools Furniture, supplies, art Company vehicles Real estate Insurance premiums you can get refunded to you Debts may include: Company credit card bills Rent Unpaid bills Taxes Find Buyers for Sellable Business Assets Use industry contacts to find buyers for any assets you have that have been fully paid off and…
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