Five Steps To Getting Your Business in The Cloud
What is Cloud Computing?Federal, state and local laws all play a role in closing a business, and for that reason it can be wise to hire a lawyer to see you through the process. Overall, you'll need this strategy to effectively make your exit:
- Create a closing plan that's specific to your type of business. Sole proprietorships, partnership and corporations all require different actions, with corporations often requiring the most legal and financial steps.
- Let your customers, suppliers, creditors and others with whom you did business know you are closing.
- Remember that the work doesn't end once you shut the doors. You still may need to handle receivables, payables, refunds, legal settlements and other matters — all of which require tax reporting.
Follow a checklist
File the necessary tax documentsYou must make final tax deposits, issue final withholding information to employees and report many other kinds of information to the federal and state governments.
Internal Revenue Service provides links to the federal instructions and forms you'll need. The IRS Tax Map answers questions by topic. Use State and Local Government on the Net to find the requirements of state and local governments.
Get free counseling from SCORE or small business development centersGetting out of business properly may require just as much help as starting up.
small business development center (SBDC) operated by the SBA in your area.
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