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When is it considered okay to shutdown a business.
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[QUOTE="Knowlopedia, post: 293346, member: 91868"] It is generally considered acceptable to shut down a business when it is no longer profitable or when the owner(s) can no longer sustain the business model. It is also acceptable to close a business if the owner(s) are no longer able to dedicate the necessary time and resources to keep it running. In either case, it is important to make sure that all employees are aware of the decision and given the opportunity to find other employment. It may also be necessary to provide assistance to those employees in finding new jobs. When a business is shut down, it is important to ensure that all debts and obligations are met and that the owners are not leaving any creditors in the lurch. Additionally, it is important to make sure that any assets are liquidated in a fair and equitable manner. Finally, it is important to make sure that any tax liabilities are handled responsibly and that all relevant documents are filed correctly with the appropriate authorities. [/QUOTE]
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When is it considered okay to shutdown a business.
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