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Scores of much-loved businesses, from Red Lobster to Rite Aid, have filed for Chapter 11 bankruptcy protection and have closed sites across the country.
Closing your business often requires more steps than starting it. Find out some of the key steps to take when winding down your business to make sure your liability
Follow these steps to closing your business: Decide to close. Sole proprietors can decide on their own, but any type of partnership requires the co-owners to agree. Follow your articles of organization and document with a written agreement. File dissolution documents.
Learn the procedures for closing a business including what forms to file and how to handle additional revenue received or expenses you may incur.
Use this 10-step guide to close your business as painlessly as possible. Following these steps can ensure you close down your business the right way, allowing you to carve a new path forward.
In this article, we've compiled several common questions business owners may have about closing a business, with answers designed to make your transition as smooth as possible.
Entrepreneurs who need to close a business should know how to make it official in order to avoid compliance filings and fees in the new year.
Step 1: Determine if you’ll need to vote on dissolution. If you need to shut down your company, don’t immediately jump into filing a dissolution. This especially applies to you if your...
If your business is failing, then you’re in a tough spot; don’t make it worse by acting rashly or making decisions that will haunt you in the years to come. Consider the following step-by-step guide to bowing out without breaking down. Identify your legal and contractual obligations.
Closing a business requires more than locking the doors and putting up an “out of business” sign. The reasons to close a business often vary. Some entrepreneurs do it out of necessity,...