Business Closure

Exit Strategies: Exploring Options for Business Closure

Trinity College Dublin library centre of learning Business closure is the process of shutting down a business permanently or temporarily. This can happen for various reasons, such as financial difficulties, market changes, or the owner's decision to retire. It involves winding up operations, settling debts, selling assets, and possibly laying off employees. The term "business closure" is often associated with negative impacts such as job loss and financial loss for the owners and employees. It can also impact the community and the economy.