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.

• Deregistering or winding up a solvent company
  If you're going to end your business, you may decide to wind up the company, or simply deregister it.

• 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.

This information is brought to you by business.gov.au and Gippsland ACC
business.gov.au - Your business gateway to government information and services