Question: Paragraph 1 : Liquidation or Walkaway --Briefly explain what this process involves --Explain the pros and cons of closing a business in this manner --Under

Paragraph 1: Liquidation or Walkaway

--Briefly explain what this process involves

--Explain the pros and cons of closing a business in this manner

--Under what circumstance would this method be best to use?

Paragraph 2: Family Succession

--Briefly explain what this process involves

--explain the pros and cons of changing a business in this manner

--Under what circumstance would this method be best to use?

Paragraph 3: Bankruptcy and possible alternatives

--Briefly explain what this process involves

--explain the pros and cons of closing a business in this manner

--Under what circumstance would this method be best to use?

Paragraph 4: Selling the business

--Briefly explain what this process involves

--explain the pros and cons of changing a business in this manner

--Under what circumstance would this method be best to use?

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