Episode 827 - Corona Virus Has Shut Down Your Business, What to do?
Corona virus and the actions of Governments have forced you to shut down your business. Some of you have been able to survive and overs will need to shut their business down because there is zero cash flow for them to survive, but expenses continue every day. Closing your business can be a difficult choice to make. It is helpful to seek advice from your accountant, lawyer or business expert, along with other business professionals. You have to make that decision to close. Sole proprietors can decide on their own, but any type of partnership requires the co-owners to agree. Follow your articles of organization and document with a written agreement on your decision to shut down and who will be responsible. This podcasts goes through the steps to help you shut down and remain in compliance. If you need help or have questions, send me a text to 818.252.5682 www.lodge-co.com