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• Submit an official termination notice using a Y-form (Y6 for sole proprietorships, Y5 for general partnerships, Y4 for limited liability companies or cooperatives), or via the ytj.fi online service.
• Notify relevant authorities and partners: the Finnish Tax Administration, the Finnish Patent and Registration Office (PRH), and your insurance company.
• Consider the possibility of selling the business or its assets.

The termination of a business is done through the Business Information System (YTJ). Use: Y6 for a sole proprietorship, Y5 for a general or limited partnership, Y4 for a limited liability company or cooperative.

Also inform your insurance company, bank, and other business partners.

The process for closing a limited liability company is more complex and typically takes 4–6 months.

• YTJ – Termination
• Suomi.fi – Closing down your company
• Read also: Closing down a sole proprietorship – how the process works