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Exiting or leaving your business with no plan in place can be stressful. By planning your exit ahead of time, you can take the stress out of what can be a difficult and emotional process.
The resources in this section will help you plan and decide how and when to sell or close your business, and the steps you need to take to legally exit your business. Find out what you need to consider when making your decision and the steps you can take for each option. Before you decide to sell or close, you should know that there is help available.
Succession planning
Planning for the day you leave your business is a valuable investment. Whether you decide to sell, retire or leave for health or personal reasons.
Deciding whether to sell or close
There is no set way to know when it's the right time to close or sell your business. However, there are some factors to consider when making the decision.
Selling your business
There are many factors to consider when selling your business, one of the most important being how much you would like to sell your business for?
Closing your business
Whatever your reasons for closing your business, it can take time. How much is dependant on its size and complexity.
Bankruptcy and liquidation
Are you facing bankruptcy or liquidation? These are ways of dealing with debt that can't be repaid.
Get help
It’s important to seek the right help when you’re ready to leave or hand over your business.
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Our friendly team is here to help
If you need any assistance, please call 1300 142 820 for information relating to small business or visit our contact page for more information.
Business advice services
Agencies and organisations in South Australia that provide or point you to the assistance you need.
Small Business Centre
If you are or are thinking of becoming a business owner and want more information about services and assistance, call into the Small Business Centre in the Adelaide CBD.
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