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Closing a small business of sole trader structure is more straightforward than other structures. You will need to sell or dispose of your business assets and stock and account for these in your annual tax return. You will also need to include business income and expenses up to your business cease date. Finalising your legal obligations and your tax and super obligations will mark the end your small business.
Last modified: 08 Sep 2022
Closing your small business
Steps | Progress | ||||
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Make a plan |
2 mins | ||||
Closing your business |
4 mins | ||||
Finalise your tax and super obligations |
17 mins | ||||
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Selling or closing your business records |
2 mins | ||||
Small business support |
10 mins | ||||
Related courses |
1 mins | ||||
Course Feedback |
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