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Winding Up: 5 Steps to Close a Business in Florida

A viable business earns at least three times its costs, and is not tied to a high-performing individual. If a business stops producing enough revenue to make it worthwhile to continue, an owner has no choice but to close. Much like forming a new corporate entity, closing, or "winding up" has specific requirements to ensure that the ownership will not be responsible for the business's obligations. Here are five steps Read More