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An impulsive decision to liquidate has transaction cost, tax and total return consequences, so consider carefully your reasons for liquidating before entering sell orders.Investments are a way to put your savings to work earning more money for a big-ticket purchase or for retirement.It happens to every retail business owner: You buy too much stock of a certain type of merchandise, and then a newer, better model comes out. Have some extra Christmas decorations lingering around after New Year’s?

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One option is a sale by the shareholder of the corporate stock to the corporation in a redemption transaction (assuming the shareholder is not the sole owner) or to another shareholder, rather than a sale by the corporation of its assets.

Whatever the case may be, you need to liquidate your surplus inventory — fast. Depending on your profit margins, you may want to discount your products by anywhere from 25 to 75 percent, or offer a “buy one, get one free” deal to make the promotion look attractive.

Group marked-down items together for better in-store promotion.

Although most states use a similar winding up process, limit the LLCs liability for lawsuits and government fees by first contacting your state's secretary of state to check for any special or state-specific requirements.

Make a formal decision to liquidate or dissolve an LLC by taking a vote to dissolve according to procedures outlined in the LLC articles of organization or in an operating agreement.