Unfortunately, closing a business isn’t as simple as locking the doors and laying off employees.
An often drawn-out process, a business owner must follow a long list of sometimes complicated legal steps.
So before you get started on the checklist below, be sure to assemble a dissolution team. Closing a business may actually require an accountant and/or a lawyer.
Step 1: Vote
If there is a written partnership agreement or articles of incorporation, be sure to follow voting procedures. Dissolutions often require a 2/3 vote.