How do I close down my business?
- Make a notice of termination of business: Y6 if it’s a proprietorship, Y5 if it’s a partnership firm or a limited partnership, and Y4 if it’s a limited company or a cooperative. Make the notice here.
- Contact your own insurance company, bank, accounting firm, tax authorities and the financier. When applying for unemployment benefits, contact the union and/or TE services
- Consider if you can sell your business, a part of it or some parts of the fixed assets