Going Out of Business

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If you can’t make required tax payments or are slipping behind on your house or car payments, chances are you are past the point where trimming expenses or adopting a clever marketing campaign will salvage your business. If you conclude that there’s little or no chance of getting back in the black anytime soon, it may be time to cease operations, pay off as many debts as possible, and close down in an orderly fashion, before your creditors force you to do it.  But closing down a business can take more work than setting up a business--if it's done properly--and you'll want to do it properly to end all personal liability for your business.  

Nolo has books, forms, and online applications that can help small business owners with all aspects of their business, including closing it down. See the  Small Business Products page for a complete list of Nolo's small business products.

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By clicking "Find a Lawyer", you agree to the Martindale-Nolo Texting Terms. Martindale-Nolo and up to 5 participating attorneys may contact you on the number you provided for marketing purposes, discuss available services, etc. Messages may be sent using pre-recorded messages, auto-dialer or other automated technology. You are not required to provide consent as a condition of service. Attorneys have the option, but are not required, to send text messages to you. You will receive up to 2 messages per week from Martindale-Nolo. Frequency from attorney may vary. Message and data rates may apply. Your number will be held in accordance with our Privacy Policy.

You should not send any sensitive or confidential information through this site. Any information sent through this site does not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent through this site could be intercepted or read by third parties.

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