This information is brought to you by business.gov.au Closing your business When closing a small business you need to address a number of issues.
Bankruptcy & insolvency If you can't pay your business debts, and haven't been able to reach an agreement with your creditors, then you may decide to go bankrupt.
Cancel your business name If a business name is no longer required you'll need to complete and lodge the appropriate forms with your relevant state governments.