An attorney for more than 18 years, Jennifer Williams has served the Florida Judiciary as supervising attorney for research and drafting, and as appointed special master.Williams has a Bachelor of Arts in communications from Jacksonville University, law degree from NSU's Shepard-Broad Law Center and certificates in environmental law and Native American rights from Tulsa University Law.Another is whether the small business fails alone, or whether the entire industry in which it operates fails.If the surrounding industry continues to thrive, equipment, inventories and even specialized facilities are in greater demand by competitors than if the entire industry fails.Inventory includes all finished products and product components. Change the value of all current assets on the small business balance sheet to liquidation value.Assigning liquidation value sometimes requires the help of a professional valuator, especially when holdings include high dollar real estate or specialized equipment.
Also don’t rule out clothes, baby items, CD’s, video games and small electronics.
With websites such as Craigslist or e Bay, it is very easy to sell small and large items alike and you can reach a wider audience.
If you are considering selling antiques or collectibles you can also consider local auctions houses or selling them to a reputable dealer.
Jonathan Goldberg, a regular Seeking Alpha and Guru Focus financial contributor, states that there are concrete factors that influence the liquidation value of each current asset.
The most obvious is how easy the asset is to sell and convert to cash.