A business may cease operations for many reasons, with today’s economy being just one. Dissolving a business can be an extremely difficult process, both financially and emotionally, especially if there has been a breakdown of the relationship among owners. This is as true for small, two-person businesses as it is for large companies.
Consider the story of a woman who decided to close down her cosmetics company after ten years of operation, as told by the Indie Business Blog in a posting called “A Going Out of Business Success Story.” As the sole employee of her business for many years, Jen Denslow struggled with finding the balance between work and her personal life – so much so her health declined significantly. Ultimately, she decided that closing down the business was in her best interest. (more…)
