Winding down a business
There are different ways to close a business, depending on its business structure:
File for Cessation of Business on BizFile+. If it is GST-registered, the business owner must cancel the GST registration with Inland Revenue Authority of Singapore (IRAS).
File for Cessation of Limited Partnership on BizFile+. However, under certain circumstances (eg: discontinuation of partnership, death or bankruptcy of partners, by order of court), you can file for a dissolution instead.
Limited Liability Partnership or Company
Apply for Accounting and Corporate Regulatory Authority (ACRA) to strike off your LLP or Company’s name from its Register. However, under certain circumstances (eg: shareholder dispute, corporate restructuring), you can choose to liquidate the business instead.
Learn more about it at ACRA’s website.
e-Services for winding down a business
Accounting and Corporate Regulatory Authority (ACRA)