Ending
Are you thinking about ending your business? This section explains show some of your options when you plan to sell or close up shop. Insolvency and bankruptcy are complex concepts that you may need to understand thoroughly before you wind down your business.
Remember that just because you are ending your business, you haven't failed as an entrepreneur. Learn from what has gone wrong this time around: reflect on your errors and think of how you could have managed money, staff or decisions differently. If you learn from it, failure can be the most positive step in your career. Ending this enterprise may be the start of an even more successful one!
Selling or closing down
Once you’ve decided that selling or closing your business is the best way to go, carefully plan your next steps.
Insolvency and bankruptcy
Do your research and get practical advice on closing down. Insolvency and bankruptcy are legal concepts with particular governing laws which differ in England, Wales, Scotland and Northern Ireland.