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Create an Exit Strategy

  • Completely close your business
    • File dissolution documents
    • Cancel registrations, permits, licenses, business names
    • Protect your finances and reputation
    • Comply with employment and labor laws
    • Inform your customers and complete jobs in progress
    • Handle final returns for income tax and sales tax
    • Notify creditors and pay outstanding debts
    • Maintain records for at least 3 to 7 years
  • You may sell your business
    • Accurately tangible and intangible assets
    • Financial value of brand, intellectual property, customer information and projection for future revenue.
    • Maintain records for at least 3 to 7 years
  • You may declare bankruptcy for liquidation
    • prepare and inventory and determine assets for sale
    • Secure your merchandise
    • set liquidation value of assets with a qualified appraiser
    • use that value to estimate net sale proceeds and re-evaluate your decision