Temporary Closure Announcement
We would like to inform you that [COMPANY] will be temporarily closed from [CLOSING] to [OPENING DATE]. Add a popup or message bar to the homepage, contact page, and any other relevant page stating that the business is temporarily closed.
Communication Planning
Write a social media post and email messages that explain your intent to close, your plans to fulfill outstanding orders, and the date on which you’ll cease operations.
Closing Gracefully
To examine how key groups — clients, suppliers, employees – can be fairly dealt with, we will look at the story of a company (founded by Andrew Blickstein) that scaled down after 16 years. Listen to your practical side and your heart. Don’t ignore either.
Here are six steps when closing your business: Notify creditors and suppliers, sell assets at auction, terminate licenses and permits, contact state tax department, cancel insurance policies, and maintain employee records.
Take time to reflect on why your business failed, review finances, and explore new opportunities. If starting a new business, make sure you have a solid plan that accounts for previous closure reasons.
The IRS portal provides resources to avoid costly tax mistakes when closing. Consider all people affected by your decision and communicate clearly. State when doors will close and suggest another business where needs can be met. Reassure customers outstanding orders will be filled.