There are several reasons as to why you may choose to close a business. When closing a business and winding up its operations there are a number of issues which you need to give due consideration to. These issues range from dealing with your employees, bringing relevant service or customer agreements to an end, selling business assets and satisfying liabilities to dealing with relevant business records and taxation matters.
Legal Considerations when Closing Down a Business
Seeking appropriate advice from an experienced lawyer can assist you to ensure that this process is conducted efficiently and effectively, mitigating the potential risk of litigious action ‘down the road’.Forge Legal has assisted many SME’s in relation to their legal obligations and requirements when winding up operations as a business. If you are thinking of, in need of guidance or to formulate a business closure plan, contact us today.