Exiting your business 

Know your options and obligations before you exit your business, whether you are closing for good, handing over your business to friends or family, or selling it.

• Succession planning
  Find the right strategy for handing over or selling your business to someone else, whether it be employee, family member, friend or another entrepreneur.
• Closing your business
  If you are planning to close your business, there are a few things you should consider, such as notifying Canada Revenue Agency (CRA), filing a final tax return, paying any outstanding tax amounts, and financing your succession planning.
• Bankruptcy
  Get information on alternatives to bankruptcy and details on the process of bankruptcy, if you need to take that route.