Closing a Business
As with starting a business, there often comes a time when you want to close your business. Closing a business can be due to loss of market, financial difficulties, your desire to sell the business and move on or many other reasons. Regardless of the reason, there are processes and procedures to follow when closing a business, just as there are when starting a business.
For more information on this topic, see the links listed below of articles posted on related Web sites.
- Exit Strategies – Small Business Notes -- Planning how you exit your business is just as important as how you start it.
- Dissolving a Corporation – Small Business Notes -- If you want to distribute any corporate assets to shareholders you will need to formally dissolve your corporation and wind up its affairs.
- Planning Your Exit – Business.gov -- If you've ever given any serious thought to exiting your business, now is the time to start. Exiting is a multi-step process that can take from weeks to years depending on the size of the organization and the reasons for exiting.
- Closing your Business: What you Need to Do – NOLO Law for All -- Follow these steps to close your business safely and legally.
- Checklist for Closing your Business: 20 Things you Need to Do – NOLO Law for All -- Closing your business often requires more steps than starting it.
- Closing a Business, Closing Procedures – Internal Revenue Service -- There are typical actions that are taken when closing a business.
- Closing a Business – Internal Revenue Service -- There is more involved in closing your business than just locking the doors.