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Closing Your Restaurant Business Checklist
Unfortunately, some restaurants don't make it and at some point closing the doors may seem like the only option. Use this checklist to help you create a closing plan for the many tasks you'll encounter such as paying employees, filing your last tax reports, dealing with unpaid vendors, closing bank and credit card accounts, and evaluating bankruptcy options.
Summary of Features & Benefits:
- Phase I - Preparation Before you close the doors you need to evaluate the legal, financial and tax consequences of closing your restaurant. You'll also want to consider how and when to announce your actions to employees and customers. This is also the stage to consider whether or not bankruptcy is appropriate.
- Phase II - Post-closing Much of the work associated with closing actually happens after you've closed. Use this portion of the checklist as a guideline for filing final tax forms, closing accounts and reducing future liability.
Download the Closing Your Restaurant Business Checklist
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