More forms and closing details
You will need to submit forms to the state of Missouri regarding sales tax and pay the amount owned.
You'll need to notify your local government office that your business is closing since you hold a local business license. Since each community or county is different, check to see if there are other forms to file or procedures to implement to complete your closure.
As one final protection from liability, you will want to put an announcement in your local media that you are closing or selling your business. This will ensure you are not held accountable for any future acts by a business with the same name.
Pay all of your bills, and request letters from your suppliers indicating that you have paid in full. And if you have any outstanding receivables, you'll want to collect on those before you close the business. It's much harder to do after you close the doors. If you aren't successful in collecting those accounts, weigh the cost of legal action with the amount you are owed before pursuing.
Some start-up costs are tax-deductible in the year you close your business; check with an accountant.
In addition to accounting assistance, you may want to engage some legal assistance as well to ensure you have completed every step associated with dissolving your business.visit MissouriBusiness.Net