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Starting & Managing a Business

Business Victoria

Closing a Business

In this section you'll find guidance for many aspects of closing a business, including cancelling registrations, understanding your obligations to your employees and landlord; and what bankruptcy and liquidation mean for your business.

Cancelling registrations

If you don't cancel your business and tax registrations correctly, it can cost you money in ongoing fees. Find out what you need to cancel and how to do it correctly.

Premises and leasing responsibilities

If you are a retail lease holder, information in this section will help you understand your obligations, how to assign or transfer your lease and a list of items to complete when vacating the premises. 

Closing a business with employees

After your business has closed down you may still have obligations to your employees. PAYG, FBT, Superannuation and ETP final payments often need to be made even after the doors have closed.

Bankruptcy and Liquidation

Find out more about bankruptcy and liquidation and what these options mean for your business. Information and links for how to apply to become a bankrupt and what a liquidator does and doesn't do.



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External Links

State Revenue Office
(sro.vic.gov.au) The Victorian Government's major tax collection agency

Victorian Small Business Commissioner
(sbc.vic.gov.au) Dispute information, advice and mediation services.

A guide to exiting your business
(cpaaustralia.com.au) A guide in pdf format that provides strategies for exiting a business

What to tell the Tax Office when your business ceases
(ato.gov.au) Tell the ATO of any changes and keep your details up-to-date

Capital Gains Tax Essentials
(ato.gov.au) What you need to know about Capital Gains Tax (CGT) when you make a capital gain or capital loss

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Who Can Help? - Business Victoria on 13 22 15 (local call cost, within Australia)
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