POSTS TAGGED : closing a business

Questions You May Have About Closing a Limited Company

The COVID-19 crisis has led to many businesses having to shut down. Many sectors suffered, especially the arts and entertainment sector and the leisure travel sector. According to reports, both sectors saw about 80% of businesses shutting down or pausing activities in 2020.

Closing down sign

photo credit: Newtown Grafitti / Flickr

Closing a company is a daunting task that requires sound discretion of all legal formalities and thorough precision. Regardless of why you want to close your limited company, there may be some questions on your mind about the process. This guide to closing a limited company will try to answer all the questions you may have about this concern.…

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Closing a Business: Top Tips for Taking Your Open Sign Down

It’s time. You’re happy, but at the same time you’re sad. Your business is ready to be shut down. Maybe you’re hanging your hat up for good. Maybe you’ve decided to move on to something else.

Whatever the case may be, there are specific steps you need to take before you can close the doors for good.

Closed sign

Vote On It

The first thing you need to do is vote on the closure of your business. Even if you’re a one man show, the state continues to recognize the business as an ongoing legal entity until the corporation is formally dissolved.…

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