Take a closer look at how inventions and innovations are affected during the "lifetime" of a business. Create a fictitious company from startup/creation to liquidation. Go through the process of determining who is granted ownership rights of the inventions and innovations as well as profit margin from such elements during the startup phase. From there, skip the life of the company (don't focus on the company's success or failures since startup) and assume the company has decided to liquidate and sell off. Explain the steps that will take place regarding the inventions and innovations during the liquidation of a company as well as any other pertinent information.