Is A New Business Owner Liable For Old Business Dealings Advantages of Office Furniture Liquidators for Sellers and Buyers

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Advantages of Office Furniture Liquidators for Sellers and Buyers

Offices and businesses own a large amount of furniture in the form of cubicles, tables, chairs, sofas, etc. and they cost a lot of money. After sometime, the company may decide to remove the existing furniture and replace it with a new one in order to redesign the office or give it a completely new look. Companies may also want to get rid of furniture if the business is downsizing or the business is coming to an end. The merger of the two businesses also results in the disposal of a significant amount of furniture.

Keeping an unused inventory wastes a lot of space and is also liable for taxes, so it’s better that companies do something about it.

What can companies do with old furniture?

A company can get rid of furniture by either trashing it, donating it, or selling it to a new company.

  • Throwing in the trash: If the furniture is still in working condition, then throwing it in the trash is not a good idea. It is true that the value of wood decreases over time, but it still has a significant value that can be useful to recover part of the investment that the company has made for the purchase of furniture.
  • Donation of furniture: This can be seen as a charitable work and offers some tax benefits. But many times other businesses, even new start-ups, don’t want to feel like they’re dependent on someone else’s charity and so don’t want donated furniture.
  • Sale of furniture: The sale of furniture can be done either by the company itself or through a furniture liquidator. If the company decides to do the business itself, then it will have to save some time and delivery costs in order to finalize the deal. Liquidating firms, on the other hand, undertake all the removal and transport processes and they also offer a better deal compared to what companies can get on their own. Liquidation firms also have dump trucks that make it easy to transport furniture. It is true that companies will not receive any tax benefits by selling, but the value they will receive will far outweigh the tax benefits.

What are the benefits for buyers?

Strong, durable woods aren’t cheap anymore, and buying new office furniture can eat up a big chunk of the budget. Buying cheap used furniture can help businesses, especially small and new ones, save a lot of money.

Also, new and custom furniture takes at least six to eight weeks before delivery. This time can be saved by buying used furniture from a liquidation firm.

Environmental benefits: If the furniture is still usable, then throwing it in the trash is certainly not good from an environmental point of view. Also, buying new furniture means cutting more wood. Disposing of furniture can save the environment by reducing landfill waste and preventing trees from being cut down.

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