Maturity and Exit

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Maturity and Exit

Is your business reaching the point of maturity and exit? If so, our expert articles and blog posts will help guide you through the next stage of your entrepreneurial journey.


What Should You Do If Your Business Is “Inactive”?

Just because you’ve stopped working with customers, taken down your website, and aren’t making money from your business, it doesn’t mean your company is considered “closed.”

Closing a business, whether an LLC or corporation, requires formally dissolving it with your state. If you don’t, you could be stuck with the responsibilities of filing your inactive business’s annual reports and state/federal tax returns. And you may be legally obligated to renew your business licenses and permits, too. All of that costs time and money. So if you’ve stopped doing business and are […]

2019-12-10T14:59:13-08:00December 13th, 2016|Categories: Maturity and Exit|Tags: , |

Why an Inactive Business is Costing You Money

Man with empty pockets

Someone once told me that a true sign of a successful entrepreneur is the ability to know when it’s time to throw in the towel and move on. One failed business doesn’t define an entrepreneur. Plus, when one door closes, another usually opens.

Closing a business doesn’t just mean selling your assets and calling it a day. You’ve got to go through the requisite steps to ensure your business is legally closed and that you’ve properly wound up your business affairs.  Otherwise, […]

2019-09-03T05:44:14-07:00August 29th, 2015|Categories: Maturity and Exit|Tags: |

4 Signs It’s Time to Close Your Business (and How to Do it the Right Way)

If you’ve been toying with the idea of shuttering your business, but haven’t been sure it’s the right thing to do, this post should help you make that decision. And it’s an important one to make now: putting it off until next year could cost you penalties and fees.

2019-12-04T07:04:24-08:00December 22nd, 2014|Categories: Maturity and Exit|

When It’s Time to Throw in the Towel

Someone once told me that a true sign of a successful entrepreneur is the ability to know when it’s time to throw in the towel and move on. One failed business doesn’t define an entrepreneur. And the end of one venture means the start of something new. Closing a business doesn’t just mean selling your assets and calling it a day. You’ve got to go through the right steps to ensure your business is legally closed and you’re primed for what’s next. Otherwise, you’ll still be responsible for filing annual reports, filing state/federal tax returns, and keeping up any business licenses.

2019-11-30T05:05:53-08:00April 10th, 2013|Categories: Maturity and Exit|Tags: |

What Can Rupert Murdoch Teach Us About Succession Planning?

Most small businesses are never going to grow as big as Rupert Murdoch’s News Corporation, and fortunately most businesses will never face such grave and shocking accusations of misconduct as Rupert Murdoch’s company now faces. But no matter what size your company, it’s never too early to start thinking about your firm’s succession plans. Succession planning is a way of ensuring that your company has a bright future even after you’re gone. Ready to start a business and build your own business empire? Talk to CorpNet for a free business consultation on how to incorporate a business. CorpNet’s free tools, advice and guidance can help you choose a business structure, form an LLC, set up an S-Corporation or other corporate entity to protect your assets and attain the corporate tax benefits and financial advantages of doing business as a corporation.

2019-11-26T09:14:11-08:00May 1st, 2012|Categories: Maturity and Exit|Tags: |
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