Part of the business lifecycle is exiting a business, which may occur through sale as a going concern, closure or transferral to a family or staff member.

Essential exiting tasks
You have a number of obligations when exiting your business, such as tax and legal requirements, employee entitlements and notifying other parties.
Succession planning
A succession or exit plan outlines key steps when selling, closing or transferring ownership of your business.
Closing a business
Key tasks when closing a business include cancelling registrations, meeting tax requirements, notifying employees and paying out entitlements and ending or assigning lease agreements.
Selling a business
Deciding if selling is the right option for you, preparing for sale, setting the right price and making the sale are all steps in selling your business.
Selling a franchise
Your franchisor will have an established process for selling a business within the franchise which may restrict what you can do but also make the sale easier by providing clear steps to follow.

Support for business owners

/workshops

Small business workshops

Our practical workshops are packed with key information and useful hints and tips to help you start and grow your business.

Find out more
/advisory
Photo of an SBDC business adviser providing guidance to a client over the phone.

Advisory services

Access free, confidential and trusted advice from our experienced small business advisers.

Find out more
/blog

SBDC Blog

Get the latest small business news and practical tips to help you along your business journey.

Find out more
/templates-tools-guides

Templates, tools and guides

Our free business templates, tools and guides have been designed to assist you to create essential documents for your business and build your knowledge.

Find out more
Keep up to date with the latest small business news