Roadmap for quitting a business
You can quit your business at any time. You don't need permission to do so. Business termination (also known as liquidation) does involve a lot. What rules and permits will you have to deal with? What does it mean for taxes? What do you have to do with your registration in the KVK Trade Register? Follow this step-by-step plan to stop your business without forgetting anything.
- Let customers and suppliers know you are quitting
- Firing staff
- Find out if you qualify for cessation deduction
- Check whether you are entitled to benefits
- Register at the Trade Register
- Settle for VAT (sales tax)
- Settle for income tax
- Cancel your business insurance and subscriptions
- Cancel the domain name of your website
- Keep your records
Extensive information can be found on the KvK website.
More information
-
Sell your business
Do you want or need to quit your business? Read some about selling your business here.
-
Private assets and bankruptcy
Read more about private equity and bankruptcy here.
-
Finance your business in dire straits
Is your business experiencing financial difficulties? Then don't ignore the signs and get help. Read more here.
-
Tozo
Read more about the Temporary Bridge Scheme for Independent Entrepreneurs (Tozo) here.