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Exiting your business
When the time comes for you to move out of your business, there are some important things for you to consider.
Related Resources

Tools and checklists

  • Developing a succession planBusiness Victoria provides a succession plan template you could use to help create your own succession plan for your business. The template can be found in the information provided on developing a succession plan. 
  • Selling or closing your business - things to consider introductionThe Australian Taxation Office (ATO) overview covers the most common topics you need to consider when selling or closing a business. Although not everything you need to know may be covered, it's a great starting point. The ATO recommend you also seek advice from your tax adviser.
  • Succession plan's succession plan template and guide can help you plan for the day when you leave your business. Planning for this time can provide a smooth transition and lowers the risk of disruption to your operation.
  • What you need to tell us when your business ceasesThis fact sheet provides information on what you need to tell the ATO when your business ceases.
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