Any business these days cannot avoid the need for T1 phone service and internet access. Having multiple phone lines and computer networks are musts for all, even the smallest start ups. Communication is indeed the backbone of today’s business world. T-1 digital communication lines provided by telecom companies for a fee have a bandwidth of 1.544 megabits per second used to transmit two way digital communications within private business networks, as well as two way digital communications of the business with its internet access service providers. With the need for constantly available communication, a business cannot afford not to shop for T1 phone lines, phone service and internet access of the best quality. Of course, this has to be balanced with cost effectiveness. On the other hand, a business should not settle for just any cheap phone service which may offer erratic dial tone service.

A business needs reliable T1 phone service and internet access provided by a state licensed telecom company in order to keep its communication lines running efficiently. Your service provider should be a Registered Communications Distribution Designer (RCDD) with the Building Industry Consulting Service International, Inc. (BICSI). This is the top industry association among Information Transport Systems (ITS) industry telecommunications consultants.

A business also needs a telecom company that is not only properly licensed and certified but also has full service capabilities. A full service telecom company can install, maintain, repair and move the major brands and types of phone and voice mail systems as well as their special applications, among these, Call Accounting and Automatic Call Distribution (ACD). It should be equipped to handle and service even huge call centers with hundreds of phone extensions and yet be willing to handle and service even the smallest job without hesitation.

A business furthermore needs a telecom company that has the expertise for designing and implementing Voice IP or VoIP technology solutions customized to the individual requirements of the client. The telecom company should be able to establish IP connections between physically separate offices of a business using VoIP technology; should be able to integrate the phones and computers of a business; should set up the management of the phone calls of a business from a central location to several offices; and should establish the different types of call forwarding for the business. In addition to all these, the telecom company should negotiate with the different VoIP carriers for better prices for the business.

Of course, a business needs a telecom company that can handle the installation and maintenance of various types of cabling such as fiber optic cabling, structured cabling, phone cabling and computer Ethernet cabling.

Tribute Telecom, LLC is a licensed telecom company that has been serving Florida for more than twenty years. It has also been RCDD certified by the BICSI. A business will need the services of Tribute Telecom, LLC not only for high quality T1 phone service and internet access but also for its consultancy work. Tribute Telecom, LLC can lower the overall telecom related expenses of a business by as much as fifty percent from previous outlays. How is this possible? First, Tribute Telecom, LLC checks all of the telecom invoices of a business and seeks out all billing errors. Tribute Telecom, LLC then goes after the carriers responsible for such errors and gets all appropriate reimbursements for the business. In the process, Tribute Telecom, LLC also negotiates with the carriers for lower telecom rates for the business, below whatever is currently being paid. Up to 90% of Tribute Telecom, LLC are highly satisfied with the savings they are able to realize. Doesn’t your business need this kind of service, too?

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We Buy Your Business

In today’s dynamic business environment you’re either Growing or Going…out of business that is! If you’re part of the latter contingent and have made the decision to get out of a business but are unable to transition your business internally or sell it as an intact entity, full or partial liquidation of assets may be an appropriate exit strategy. Asset liquidation can provide quick cash and assist in diversifying equity. However, before you terminate your lease, sell a key piece of equipment, or disconnect your utilities, make sure you have a well-thought-out plan.

Getting out of business successfully requires careful planning from start to finish. If you are looking at asset liquidation as a part of your exit strategy, consider incorporating the following recommendations into your plan to increase your chances for success.

1. Talk to your lawyer and accountant.

2. Establish the liquidation value of your assets; remember liquidation vs. retail value can differ substantially.

3. Identify the best venue and timetable to sell your assets.

4. Arrange the sale at the most appropriate location with an expert.

5. Use a non-recourse bill of sale.

Understanding and incorporating these steps into your exit plan will not only help you recover as much money as possible, they may also help you achieve the freedom needed to pursue new endeavors.

It is important to note that the recommendations discussed above are intended to serve as a general overview to assist with the asset liquidation process. It is not a substitute for case-specific advice that only your lawyer and/or accountant can provide. Also, depending on the situation and necessity of business divesture, the cooperation of creditors may need to be considered. Cover your bases and talk to the experts before liquidating any assets that may be in question.

Initiate the process by preparing a current inventory of your business assets. Include photographs, serial numbers and a brief description of the condition of each item if possible. A thorough inventory will save considerable time and expense as you navigate the sale process and can be invaluable if you are asked to provide documentation for creditors or the Internal Revenue Service.

Next, start preparing your assets for sale. To elicit the best offers, take care that you do not diminish the appeal of your most marketable items by lumping them in with outdated or worn-out equipment, furniture or inventory. In most cases the most lucrative value of these lesser items may be in the form of a tax deduction, so why not donate them to an appropriate charity?

Finally, don’t overlook your intangible assets. For example, is your lease assignable? Are the business licenses, permits, patents or trademarks that you hold in demand? Can they be transferred? Is there a market for your customer list, contract rights or accounts? You may need to check with your attorney or accountant to determine what information and agreements are transferable but once cleared these types of assets can also provide a substantial return.

We Buy Your Business (WBYB) provides cash offers for all assets in order to assist in the liquidation process. Please contact your WBYB representative for more information at www.WeBuyYourBusiness.com

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