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What you need to know when closing your business

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If you are preparing to close your business, there are certain things that you should be aware of. It is important to understand that closing your business, is a bit more complicated then just liquidating your stock, closing your doors and walking away. There are some very important procedures that you need to follow. Here is what you need to know when closing your business-

Continue reading "What you need to know when closing your business"

What you need to know when closing your business

portfolio37472854.jpgIf you are preparing to close your business, there are certain things that you should be aware of. It is important to understand that closing your business, is a bit more complicated then just liquidating your stock, closing your doors and walking away. There are some very important procedures that you need to follow. Here is what you need to know when closing your business-

Continue reading "What you need to know when closing your business"

What you need to know before selling your business

contract19160481.jpgMany business owners find that selling their business, is their best exit strategy. This is usually done when there are no successors who want to continue the business; or it was always the business owner's plan, to convert the business into liquid assets, at a certain point. However, if you are a business owner, who is looking to sell their business, there are certain things you should take into consideration. Here is what you need to know before selling your business-

Continue reading "What you need to know before selling your business"

What you need to do to close up your business

businessladder32146263.jpgIf your business has had a successful run and you are ready to walk away from it, there are some important procedures you need to follow. The Internal Revenue Service provides tips on how to properly close up your business so you can make sure your final payroll taxes are paid along with your regular taxes. You must also pay capital gains on any business assets that you sell for a profit.

Continue reading "What you need to do to close up your business"
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