Close Up your Business



Close Up your Business

The owner of a business can exit from their business using one of the following options: Close Up - Close the business and stop trading. Sell Up - Sell the business as a going concern. Merge - Merge the business with another. Succession - Pass the business to family members etc. Bankruptcy or Liquidate - File for bankruptcy or liquidation.



Close your Business

This simply involves closing the doors, selling off all the assets of the business, paying off all business debts and creditors. Whatever remains goes to the owners. This option is generally used when the business is not profitable and cannot continue to trade.


Never Give Up

For success in a business there's one thing you especially have to factor in: - YOU. Your attitude and your approach to things determine what you will get. Success comes to those people who will not quit and who strive until they achieve their goals.