Sell or close a business

Selling or closing your business could be one of the most important decisions you'll have to make.

You should have a succession plan, also called an exit plan, for when you leave your business. This will help smooth the transition between owners.

You may qualify for subsidies to get specialised consultants to work with your business to prepare for sale or develop an exit strategy. Read more about this and other types of funding to grow your business.

For more information about selling or closing your business, go to the Australian Government's Business website.

This website has information that will help you decide whether selling or closing up is right for you and subjects including:

• valuing your business
• dissolving partnerships and companies
• changing ownership
• employment issues when closing or selling
• cancelling your business name and ABN
• bankruptcy and liquidation.