Closing Your Business
Should the time arise and you choose to close your business, there are a lot of legal considerations you need to take into account. We can help you to review all your contracts to check termination provisions (to help avoid termination penalties), identify the relevant compliance requirements and ensure all contracts are terminated accordingly - particularly if you have staff. Get in touch with us for advice on this procedure, including:
Contract termination with customers and suppliers
Redundancy and consultation
The formal process of closing the business
Advising the relevant authorities
If your business is trading insolvent then you will need an insolvency practitioner - we can signpost you to ones that we know will look after you.