Closing Down Your Business
Business closures can happen for a number of reasons. The decision to close down a business can be part of a wider business strategy such as a transfer of assets to a corporate entity or it could be based on more delicate circumstances. If you are considering or in the process of closing down your business, our dedicated business team can help.
How to close down a business
The process you will need to follow to close down your business will depend on its legal structure. There will be different steps for closing down a business depending on whether it is a sole trader, a partnership or a limited company. We can assist with all solvent business closures, including company strike-off, voluntary liquidation and partnership dissolution.
Unfortunately, we are not currently able to deal with insolvent business closures.
We’re here to help
We work closely with all our clients to build a deep understanding of the business and the client’s objective. We aim to be a helpful partner for businesses at every stage of life, including closure.
We can provide advice in a number of ways to best suit you and your business, including:
- one-off questions or queries
- tailored assistance with specific matters
- access to regular advice and support across all of our commercial departments at a reduced hourly rate with our SME Support Days
We will advise on the wider implications of closing down your business, for example what happens with your assets, contracts and employees. We’ll also advise who you need to inform of the business closure and the liability position of the company or key people (partners, company directors etc).
We will meet with you at your convenience to discuss the proposed closure and gather all necessary information. We will prepare all key paperwork, advise on issues that may arise out of the closure – such as how to deal with employees and redundancies – and keep you updated on progress.
A named lawyer will handle your account, and a member of the business team will always be available to speak to on a day to day basis.
Contact us for a quote or to book an appointment.
I like your communication skills and thoughtfulness to actually help. It was very humbling at a stressful time.
Leanne Yendell a commercial solicitor with our business team shares her tips on what business owners and managers should consider now that businesses are re-opening. https://www.youtube.com/watch?v=CIYh3ZB6AQM