Exiting your business
Know your options and obligations before you exit your business, whether you are closing for good, handing over your business to friends or family, or selling it.
- Succession planning
Find the right strategy for handing over or selling your business to someone else, whether it be employee, family member, friend or another entrepreneur.
- Closing your business
If you are planning to close your business, there are a few things you should consider, such as notifying Canada Revenue Agency (CRA), filing a final tax return, paying any outstanding tax amounts, and financing your succession planning.
Get information on alternatives to bankruptcy and details on the process of bankruptcy, if you need to take that route.
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