Shutting down or transferring your business
Do you want to shut down your company? You can shut it down; however, another option is to sell it. In either case, you will need to meet a series of administrative requirements and complete certain steps.
Shutting down your business
Administrative formalities
You must complete a series of general formalities if you decide to shut down your business.
Liquidation and dissolution
A natural person who voluntarily decides to shut down their business must contact an accredited business counter within a month of closing so that it can take the required steps.
Transferring a business
What are the steps involved in selling a business ?
The successful sale of a business takes time- often more than five years- beginning when the owner starts considering passing the torch.
Certain steps must be followed to avoid encountering unpleasant surprises along the way (selling the business for less than it’s worth, facing legal issues with the buyer post-sale, or dealing with a buyer who fails to keep the business afloat, etc.).
What are the financial considerations of a company sale?
You will have to value your company as objectively as possible. Different valuation methods are available. Cross-reference them to cover all bases.
Who can help ?
Selling a company requires both a broad and a specialised view. Get support from experts.
Who can help me ?
