When the time has come to wind down your business operations and close, it can be overwhelming. At Hirani Law, we understand that you may be anxious to put the business behind you and move forward with other things. However, before you can do that, you need to officially close your business. Our Winter Park, FL business closing lawyer knows that there are many steps to closing down your business. If you do not do so properly, it can result in liability in the future. To avoid legal and financial liabilities, we recommend working with our team on closing your company. We are available to discuss your situation with you right away, contact us today!
Business Closing Lawyer Winter Park, FL
Our team can help you get your business ready for closing in an effective and quick manner. We can assess any potential liabilities so that risks are limited and everything is closed out accordingly. We can advise on what must be done in terms of the best strategies to shareholder disputes, dealing with creditors, and more. No matter what your reasons are for wanting to close the business, our Winter Park business closing lawyer is prepared to help you. You may want to get this done as soon as possible, but every step must be performed with careful consideration.
Businesses are established in various shapes and sizes. We can handle the closing of businesses that are substantial or have a smaller operation. Depending on your situation, some businesses may have hundreds of workers and plenty of inventory to deal with. Others may entail minimal liabilities, but still warrants having a lawyer oversee the closing process. If you just leave your business as is and move on, you risk something happening that could put you or stakeholders in a circumstance to face legal and monetary liabilities. For more information, reach out to our business closing attorney at your next convenience to get started.
Why Experience Matters In Business Closing
If your business has employees, shareholders, or creditors, you have duties that must be taken care of in a certain manner. Just announcing you are closing down is not sufficient nor does it meet legal requirements, and could allow others to sue you for damages. You can rely on our business closing attorney because:
- We know that closing a business can be made easier when you have a legal team by your side watching out for your best interests.
- We are a family run law firm that takes seriously our role in guiding you through the legal process of closing your business.
- We bring more than 35 years of experience providing legal help to those in the Florida state area.
At Hirani Law, if you are ready to move on from your business, we are prepared to assist you. We know the steps involved with closing your business in such a way that considers law and protects you from liabilities. Contact our Winter Park business closing lawyer now if you are ready to begin!
Types Of Business Closing Services We Offer
At Hirani Law, we assist business owners through every step of closing their companies. As your Winter Park, FL business closing lawyer, we can guide you through each stage so you can move forward with confidence. Plus, with over 35 years of experience in business law, we’re familiar with all the best strategies to keep the transition as smooth as possible. Read on to see our services, and contact a business dissolution attorney from our team to get started.
Preparing Dissolution Documents
The first step in closing a business is filing the proper dissolution documents with the state. These forms officially notify government agencies that the company is no longer operating. We prepare and file these documents on behalf of our clients to avoid mistakes that could cause delays.
Resolving Outstanding Debts And Obligations
Before a business can close, all debts and obligations must be addressed. This may include paying off loans, settling accounts with vendors, or addressing outstanding contracts. We help review financial records and create a plan to handle these matters efficiently.
Handling Employee Matters
If the business has employees, it is important to follow the correct procedures for final paychecks, benefits, and notices. We guide business owners through these requirements to help avoid future disputes or legal challenges.
Addressing Leases And Property Agreements
Many businesses have leases or property agreements that need to be closed out. We review these contracts and work with landlords or other parties to terminate agreements or transfer obligations as needed.
Managing Business Licenses And Permits
Most businesses hold licenses or permits at the state or local level. We assist with canceling these permits and making sure there are no ongoing obligations or fees. This step helps prevent unnecessary expenses after the business has closed.
Final Tax Filings
Tax responsibilities do not end the day a business stops operating. Final tax returns must be prepared and filed at both the state and federal levels. We work closely with accountants and tax professionals to complete these filings accurately and on time.
Closing Business Bank Accounts
Once debts are paid and final payroll is processed, business bank accounts should be closed. Your business exit attorney can assist in reviewing accounts to confirm that all funds are properly distributed to owners, employees, and other parties before closure.
Dissolving Partnerships Or Shareholder Agreements
If the business has multiple owners, closing may involve formally ending a partnership or shareholder agreement. We help draft and execute documents to finalize these relationships and divide any remaining assets fairly.
Protecting Owners From Future Liability
Even after a business closes, certain legal obligations can arise. Your Winter Park business closing lawyer will take steps to shield business owners from future liability by addressing outstanding claims, contracts, and other issues before dissolution is finalized.
Moving Forward With Confidence
Closing a business is a major decision, but having the right company closure lawyer can make the process more manageable. For 35+ years, Hirani Law has provided our clients with real estate, estate planning, and business law services that they can trust. Contact us today to see how we can help you, and get in touch with a Winter Park business closing lawyer you can count on.