What Does it Require to “Wind Up” a Business?
For whatever reason, you may need to shut down your business. This is not a process that simply happens on its own. Before your business can come to a legal end, there are a number of steps that you must take. Some of the steps that you must go through are procedural. For example, you must file notification forms with government agencies informing them that you will no longer be in business. This includes: The Florida Secretary of State’s office The Internal Revenue Service Any government agencies that have given your business a permit You may also need to notify come creditors under state law Closing the Books on the Business Then, you must finalize your business books. This involves closing down your accounts and collecting all of the debts…









