Rules of Liquidation

A business can only liquidate items that the business owns outright. This could change based on specific written permission but typically you cannot liquidate items purchased on credit if there is an outstanding balance. Please be aware that if you do liquidate items purchased where there is an outstanding balance this could be considered an act of fraud. It’s important to also set fair prices when liquidating goods is part of an exit strategy. Even if you own the good outright, other creditors expect payment. It can be considered fraud if you are putting your personal interests ahead of business creditors.

Third-Party Liquidation Services

There are also third-party liquidators you can use as another way to liquidate goods and business assets. Third-party liquidators offer a variety of options, including store returns, bankruptcy liquidations and excess inventory. One thing to note is that third-party liquidators typically offer a significantly lower than wholesale or market value. There is still value in using them because they can make the process efficient while also creating room in your for the goods the business can sell.

Hold Liquidation Sale

When going out of business, holding a liquidation sale can be a good strategy. However, do not do this unless you are truly going out of business. It is unethical to hold a liquidation sale otherwise and in most states there that are strict liquidation sale regulations. Check with your state attorney general to understand what laws exist in your state.

Contact Us 

For a quick and professional move that prioritizes your needs, contact Washington Express Movers. We’re Washington DC’s top choice when it comes to commercial moving. We’ll pack your items, move them and even unpack them to save you the hassle. After all, we want to make your move as easy as possible.

The post How to Liquidate Your Office Items first appeared on Washington Express Movers.

DONATE TO CHARITY

Find a non-profit near you that accepts office furniture. Numerous organizations will take office equipment, furniture and office supplies off your hands and may even offer free pick-up. If not, inquire with your moving company about the pick-up and delivery of your items.

SELL TO AN OFFICE LIQUIDATOR

Looking to sell your office assets? Contact a liquidation company to evaluate, decommission and purchase your used furniture and office equipment.

REUSE/REPURPOSE YOUR FURNITURE

Get creative with your old furniture and refinish or repurpose it. With this method you can cut costs on new furniture or create new items for less money and resources.

E-RECYLING

Have old electronics you need to throw out? There are organizations all over who will recycle and recover old computers, monitors, televisions and other electronic equipment. If you’re not sure who to contact, inquire with your moving team about how to safely and securely get those items off your hands.

DISPOSAL

As a last resort, arrange a time with your moving team to pick-up and dispose of your unwanted inventory.  Allow them to coordinate the logistics of hauling away those large items and delivering them to the local dump.

CONTACT US

Figuring out what to do with unwanted items can be tough. Allow Washington Express Movers to walk you through your different options and choose the best option for your company needs. Speak with one of our expert move coordinators today to get started.

The post Getting Rid of Unwanted Office Furniture first appeared on Washington Express Movers.