Ending A Business
Closing a business is complicated for businesses of all sizes.
Make sure that you plan properly for the closure and dissolution of your business activity.
- File Final Tax Returns
- Dissolve with the appropriate state and local tax departments.
- Close financial accounts
- Finish bookkeeping for the final year
- Sell assets
- Record keeping responsibilities for at least three (3) years after you close
The above listed bullet points are the short and sweet of ending your business activity.
Make sure you have competent business planning personnel to guide you through this process.