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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,
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