Whether your business is being purchased or you've simply made the decision to close up shop, there are many steps involved when winding up a business. From different state authorities to the Internal Revenue Service (IRS), you'll want to make sure you've notified all parties involved. The goal of dissolution, or winding up a business, is to minimize legal liability for the owners.
Depending on your type of company and the contracts and obligations you currently hold, there are many different steps required in closing a business. Some of the businesses we can assist in dissolving in the state of Pennsylvania include:
At Rust Belt Law, we work with our clients to ensure all proper closing procedures have been taken care of and filed. Our attorneys have experience in all different industries and can provide exceptional legal counsel when problems arise. We'll also help properly and professionally contact business partners, lenders, customers, vendors, and other stakeholders through the closing process, as the law requires.
For more information about the legal side of shutting down or selling your business, contact us today.
Still have questions about closing or selling a business? Download our Free Guide entitled: The Questions You Didn't Know to Ask. This FREE resource includes many of the most commonly asked questions that business owners ask when they reach out to our firm. We have also included some examples of issues that can derail a business if not addressed before they happen.