6 Legal Tips for Dissolving Your Business Due to COVID-19

Sourced from https://www.business-opportunities.biz/2021/04/20/6-legal-tips-dissolving-your-business-covid-19/

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Has the COVID-19 pandemic forced your business into a difficult situation financially? Then you may be considering dissolving your business. If so, there are some legal processes you’ll need to go through.

RELATED ARTICLE: PERMANENT TRANSITIONS: WHAT COVID-19 CHANGES ARE HERE TO STAY?

Over the past year, the pandemic has hit businesses hard. Economic hardship has kept many from spending, and government-imposed lockdowns have forced companies to limit their clientele. Recent data from Yelp shows that almost 60% of businesses that closed due to COVID-19 have shut down permanently.

Dissolving a business, however, is not a straightforward or quick process. If you’re closing up shop due to the virus (or any reason), there are still a few legal processes to go through. Especially if you’re planning to go into business again in the future, you’ll have to take these six steps to protect your credit, reputation, and p… Read More

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