Closing your business

Businesses don't last forever. The process of closing your business should be managed carefully, whether it involves selling, dissolving, or bankruptcy.

No matter what your exit strategy, there are a numbers of steps you have to complete to legally end your involvement in the business. Almost everything you did to open your business needs to be re-examined to make sure you've ended it properly. Your responsibilities include:

Check the business startup checklist and make sure that you've closed all the accounts and ended all the agreements you opened when you started your business.