You are here: Home Finances Small Business ... What Plans Should ... If The Business Is To Be ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

What Plans Should Be Made For What Happens To The Business After An Owner's Death?

If The Business Is To Be Sold Or Liquidated

« Previous

5/5

If you decide that the business should be sold or liquidated after your demise, or if future management is not available, and there is no buyer, then the business must be liquidated.

If a liquidation will happen after your demise:

  • Who is the best person to handle the liquidation? There are consultants who specialize in liquidations. Interview several of them. Check references from people who have used their services. Double check the extent to which the liquidators put their interests ahead of your own.
  • Prepare guidance for the liquidator. After all, who knows the business and how to maximize the value of your assets better than you?
  • Consider whether cash will be needed to offset the difference between the business' going-concern value and its auction-block liquidation value? Where will the cash come from?


Please share how this information is useful to you. 0 Comments

 

Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.