Closing a Business

You may decide to shut down your company in order to retire, in response to financial hardship, or for other reasons. Regardless, closing a business is not as simple as just emptying the office and turning off the lights. In addition to certain state regulatory and taxation procedures, you may also have to meet the requirements of your business articles, notify creditors, collect money owed to the business, and take other important steps. This section includes information about succession planning, a chronology of shutting down, what to do if you're sued after your business closes, and other resources related to closing a business.