Poor planning, poor result
If you simply close the doors of your business you will get nothing for the value of your goodwill; indeed you may end up having to pay off outstanding liabilities eg under a lease. It can be better to sell or transfer the business; your business is likely to be worth something to someone else. You should be aiming to make that value as high as possible.
Sourced through Scoop.it from: www.lawdonut.co.uk
Lawyer’s perspective here, in a short article. Poor planning, poor result is certainly true. EGS is about proactive planning and gets you started with a courtesy consultation.