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Steps to closing your business
If you want to stop trading as a sole trader or you’re ending or leaving a business partnership, you need to inform HMRC. You’re also required to send a final tax return.
If you’re closing down a limited company, how you close your company will depend on whether your company is profitable or if it has reached the point of insolvency.
If you’re closing down a solvent company, you may apply to get your company struck off the Register of Companies or start a members’ voluntary liquidation.
If you’re closing an insolvent company, the company will have to be liquidated.
Book a free consultation to discuss how to close your business
Read more limited company set up guides
Use our calculator to understand the difference of operating as a limited company vs sole trader and see which option is the best option for you and your business.
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
