• Closing your business

    If you sell or cease your business, you should call us so that we can tell you what you need to do. You may have to finalise some GST, employee, contractor or other obligations. You will have to keep records relating to:

    • sales (including the sale of your business) and purchases
    • payments to employees
    • payments to other businesses.

    You need to keep your business records for at least five years after the end of the financial year in which you sell or close your business.

    Next steps:

    See also:

    Last modified: 09 Feb 2017QC 43058