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Not only is timing crucial, but maintaining a friendly tone and providing information for their future needs is important as well. Strategically Time the Announcement. ... Thank Your Customers for Support. ... Provide Specific Information. ... Inform Customers of Liquidation Sales. ... Post Announcements for the Public.

Notify all creditors, vendors, suppliers, clients, and employees of the intent to go out of business. Close out business checking account and credit cards. Cancel any licenses, permits, and fictitious business names.

Resolve financial obligations. Handle final returns for income tax and sales tax. Cancel your Employer Identification Number, notify federal and state tax agencies, and follow this checklist from the IRS with instructions on how to close your business. Maintain records.

Write a social media post and email messages that explain your intent to close, your plans to fulfill outstanding orders, and the date on which you'll cease operations. Keep your messages brief and leave out any details or subtext that might may your audience uncomfortable.

First, the shareholders must pass a resolution to wind up the company. This resolution must be filed with the Registrar of Companies (ROC). Once the ROC approves the resolution, the company must give public notice of its intention to close. Next, the company must settle all of its debts and liabilities.

You say to them politely ?excuse me. just to make you aware, we're just about to close, so if you want to purchase anything, please do it now as we are about to shut down the tills.? or if you're actually closing at that moment they walk in, you can stop them and say ?i'm really sorry, but we've just closed.

Here are a few general tips to consider when creating your new business announcement: Consider your target audience. ... Keep it short. ... Enclose an offer. ... Refer to your budget. ... Add a relevant picture.

Closing your business, also known as liquidation or dissolution, is the process in accounting by which a business is brought to an end for different reasons and by different processes. The assets and property of the company are sold or transferred. People close their businesses for many reasons.

Simply, state the fact that you are closing the business, the exact date the doors will close and perhaps suggest another business where they can have their needs met. If you have outstanding orders which you are able to fill, reassure customers that they will receive their merchandise.

The most effective and efficient way to announce that an employee is leaving your company is to send an email with all of the key information. This email should include who the departing employee is, when they are leaving and who will be handling their responsibilities in the short and long term.