30 Jul '16, 2am

The decision to close a business is difficult to make. @corpnet's checklist will ease the stress of the process.

Starting and growing a business can be challenging. But making the decision to close a business can be immensely stressful and demoralizing. For many entrepreneurs, the choice to dissolve their companies happens because they’re losing too much money or the businesses aren’t profitable enough to justify the owners’ time and energy. I’ve even known former business owners who simply discovered being their own bosses isn’t what they thought it would be, and they opted to close their companies because their hearts just weren’t into them. Regardless of the reason to dissolve a corporation or LLC, you need to act in a timely manner and file the appropriate paperwork to avoid legal issues and extra costs. If you drag your feet, your business might still be responsible for taking certain compliance measures and be subject to additional taxes, fees and penalties, even if you’ve stop...

Full article: https://www.godaddy.com/garage/smallbusiness/manage/need-...

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