Why should I liquidate? What exactly does it do?
Good day! I was wondering on how liquidating benefits me, I owe a small business and some of my partners suggested liquidating some of my assets for future purposes, can someone please explain to me why I need to do such a thing? I don't really feel comfortable jumping in the idea of something I don't really have a clue in, so can anyone help me with this?
Good day to you too, liquidating gives you the ability to transfer funds easily, making the transfer immediate and to have easier transactions, this in general is used in businesses that need to properly distribute funds and assets as soon as possible inorder for it to make a profit and for adjustment in general, this not only allows easier transactions but also helps in continuously managing profit and assets