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Close a Business

Closing a business can be emotional, but it doesn’t have to be difficult.

Follow These Steps

File Closure With the Secretary of State

Settle Assets

If a business is permanently closing, assets of the business may need to be sold off and reported as taxable income for the business.

Find out about Going Out of Business Sales and everything else you need to consider on the Secretary of State's Close a Business page.

Close Any Licenses

You might have licenses that need to be closed for your business. Visit the Business Xpress License Directory for what licenses might apply to your type of business.

Taxes

Even though your business is closed, you are still responsible for filing taxes. 

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