How To Close A Business In

Table of contents:

How To Close A Business In
How To Close A Business In

Video: How To Close A Business In

Video: How To Close A Business In
Video: When to Close a Business 2024, December
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All commercial enterprises are created for profit. But, unfortunately, this does not always work out, and it becomes necessary to close the company. This raises the question of how to do this correctly so that new problems do not arise. Some small businesses simply stop paying taxes and filing reports, hoping that they will be forgotten. This usually results in large penalties.

All commercial enterprises are created for profit, but this is not always the case
All commercial enterprises are created for profit, but this is not always the case

Instructions

Step 1

If you have time and money, officially liquidate the firm. This process will take from six months to two years. But your company will completely cease its activities, you will not have legal successors, accordingly, your rights and obligations will not pass to anyone.

Step 2

If you are "pressed for time", resort to one of the so-called alternative liquidation methods - reorganize the company by merging it with another. After the merger of the two enterprises, a new legal entity will be created. All rights and obligations will be transferred to him, and the old enterprises will be considered non-existent.

Step 3

If you have two businesses, close one business by merging it with the other. In this case, only one of your companies will function. All rights and obligations of the affiliated company will be transferred to it.

Step 4

If you have not been in business and you have no debts to the budget and creditors, sell the company.

Register the sale of an enterprise. Change the founders, elect a new director and appoint a different chief accountant. As a result of such an operation, all responsibility for further activities will pass to the new owners. This is the fastest way to close a legal entity. In addition, by selling a "clean" (no debt) business, you can make good money.

Step 5

Whichever way you choose to close a business, use the services of specialists. This will help you save money, health and a ton of time.

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