At some point in time, you may wish to exit the business voluntarily or otherwise. There are several ways of exiting the business namely:

• Selling off the business to another person / shareholder or company
• Passing down the business to your children
• Voluntary winding up of the business through liquidation of assets
• Creditors’ petition to wind up the company when the company is unable to pay off its business

You may wish to consult a legal practitioner or a practising accountant if you decide to exit the business :

• when you wish to dispose of / sell off the shares in your company to another party; or
• if faced with a legal action to wind up your company; or
• if you are being sued for bankruptcy for your business debts.