Exit your business
Last updated on January 25, 2024
There are legal and financial requirements to think about when you close, sell or hand off your business.
On this page:
Make a plan to sell or hand off your business to someone else.
- Learn about succession planning (Small Business BC)
- Get help with succession planning for rural-based businesses (Community Futures)
There are many things to consider when closing your business.
- Find out your legal requirements
- Learn about financial issues
- Learn how to dissolve your corporation
- Change the legal status of your business
- Find out how to close your tax accounts
- Learn how to manage your employees
Find out how to dissolve or cancel registration for your:
Bankruptcy should be a last resort.
- Discover alternatives to bankruptcy (Government of Canada)
- Learn how to declare bankruptcy (Government of Canada)
- Find tools and information to help you with bankruptcy (Government of Canada)
Governments and organizations like Small Business BC can help you start, manage and grow a successful small business.