Make a plan

Closing your business triggers a series of events and tasks. You will need to:

  • Let people know - for example, your customers, your employees, your suppliers. 
  • End agreements you have in place - for example, lease agreements. 
  • Finalise your tax and super, and legal obligations. 
  • Deal with loose ends, like phone disconnection, mail redirection and storing records.

Most importantly, you need to look after yourself.

Closing a small business can be an emotional and stressful time. Creating a plan so you know what to do and when can help reduce the stress.