How to close your own business? In closing your own business you might think that it would be the hardest thing to do, but am here to tell you that it is the easiest thing to do. All you need to have is the internet (source) which is your way of finding all the information you need, you also need your business bank account or your QuickBooks balance sheet to make sure you don't leave any expense unpaid. The first thing you need to remember is what type of business that you formed.
But if you opened an (LLC) Limited Liability Corporation, then you follow the same steps with a slight difference. You must have the vote of all your members or officers before you can send in your 'Certificate of Dissolution" to the secretary of state's office. These are the first and foremost simplest steps on how to close your own business. Most importantly even if you doors are closing for good keep you contact information up to date, so that when is time to start a new company you might still have those same customers and clients help you make your business prosper a new.
First you contact the Secretary of State's office for the state that you filed your business license with; let them know that you are sending in an addendum to cancel your business license and dissolve your company. After you have done this the last thing to do is just go through the precautionary steps of, paying all outstanding expenses, debts (or loans), credit cards in the business name and anyone or employee that has helped you with anything. Next, you close all accounts in the business name; let all clients know that unfortunately you have to close your doors. Then send in your "certificate of dissolution" to the secretary of state's office.
How to close your own business? In closing your own business you might think that it would be the hardest thing to do, but am here to tell you that it is the easiest thing to do. All you need to have is the internet (source) which is your way of finding all the information you need, you also need your business bank account or your QuickBooks balance sheet to make sure you don't leave any expense unpaid. The first thing you need to remember is what type of business that you formed. Meaning if you formed a sole proprietorship and you feel that there is nothing else that you can do to make your business money. Then you just have to retrace the same steps you took to open the business in the first place.
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