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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Steps to Shutting Down a Startup
Description: Steps to Shutting Down a Startup Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are several steps to shutting down a startup. Here’s a list of key steps to follow: Pay what is owed to employees such as accrued vacation. Pay all providers such as contractors, software vendors, and others. Collect invoices from any outstanding accounts. Notify all customers, partners, and vendors about the shutdown. Sell or distribute any assets leftover such as furniture and equipment. If you cannot pay all providers you may need to con...