Closing

Whether you leave your business for professional or personal reasons, make sure you plan ahead.

In this topic you'll find information about:

Planning your exit

Closing or leaving your business with no plan in place can be stressful. By planning your exit ahead of time, you can take the stress out of what can be a difficult and emotional process.

For help with planning:

Selling or closing your business

Deciding whether to sell or close your business is a common decision businesses face when exiting their business.

Find out what you need to consider when making your decision and the steps you can take for each option. Read:

Step-by-step help is also available from the free ‘Journey of selling or closing a small business‘ YouTube video series. The videos can help you to:

  • investigate how to sell or close your business
  • get ready to sell or close your business
  • learn how to find a buyer for your business
  • find out more on contract preparation
  • understand the settlement process
  • know how to finalise after sale closure
  • get the answers to your questions through the Q&A video.

How to close

When you’ve decided to close your business and your succession plan is in place, you will need to legally close your business. Find out the process for:

Thanks for your feedback. If you have any ideas on how we can improve, we'd love to hear them.

Please provide your comments in the feedback form.

You might also be interested in