Retail is taking a beating. Over the past three years bankruptcies have accelerated, from mall staples to anchor stores. While others simply continue to close more stores and hope for the best in their online sales. Even Walmart has closed over 150 stores in the last year and now focuses on its supercenter and e-commerce sales. It’s easier for a large business with resources on hand to decide when to close up shop. For a small business, the decision is both more emotional and difficult. It is possible to retrench and become a predominantly e-commerce operation, but that takes a lot of time, effort, and a serious amount of expenditures on web presence, advertising, and website.
If you need an objective opinion on whether or not it is time to close your business, we can help. We can take a look at your paperwork and help you to plan. If you decide that closing the business is the better idea, there are some steps that you need to take. We can help you with the orderly dissolution of your company, resolving tax obligations and debts, and letting you know how to maintain your legally required records. Our offices are open seven days a week in both Fort Lauderdale and West Palm Beach, and your first consultation is free.
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