fbpx

What need to do when closing business?

Closing a business can be a complex process, depending on your business structure and size.

Generally businesses close because the owners:

  • are not making enough money to keep operating, or
  • no longer want to run it.

There are some key tasks to consider including:

  • cancelling your business registrations
  • meeting your tax requirements
  • notifying employees and ensuring they receive their entitlements
  • ending or assigning lease agreements
Closing Business, Commercial Law,
Share on facebook
Facebook
Share on linkedin
Linkedin

Related Articles

Sign business contract

Tips before signing a business contract

A business contract is a legally binding agreement between two or more persons or entities. It is recommended that you bear in mind some tips below before the official signing.

Create business, Business help

Get legal help on creating a business

Although you might sail through the process yourselves with various online guidance, it is recommended to find a companion with business law firms who can deliver a customised shortcut to your success via valuable consultations from their commercial law expert system.

Follow us

Let Our Experience Be Your Guide 

Get Your First Consultation Now

Legal Insight

Probate, Probate Lawyer,
Do all wills need to go through probate?

The answer is YES if the heirs and beneficiaries wants to legally own properties and assets according to the will and NO if they do not care about legal recognition of what they inherit

What is a Will?
What is a Will?

A will or a testament is a legal document by which a person, the testator, expresses their wishes or desires as to how their property and possessions is distributed.

What is a Power of Attorney? How can I make a Power of Attorney?
What is a Power of Attorney?

The power of attorney is frequently used in the event of illness or disability, or when you can’t be present to sign necessary legal documents for financial transactions.

Subscribe to our newsletter

Save time

Book Appointment

Whether you want to book an appointment or get enquire, just go from here.

iLawyer

Go online and self-book to join your appointment by remote video or phone call.

We can help

Scroll to Top

Request a call back now