If you are going to close your business then it is necessary for you to send notice of business closure to your clients and suppliers. Sometimes you are involved in a business which requires you to give the previous record of the transactions and dealing to all the contacts so that they could keep track of the business done with you. So, notice of business closure is necessary which should include the closing date of your business so that the customers could make the prior arrangements according to the situation.

Notice of business closureIn your notice of business closure you may suggest your customers where to go after your business closure. It would make it easy for your customers to look for alternate choice and they would be contented by you. Sending a notice of business closure to all your business contacts is a professional way to quit your business. It is not required that how many days before closing a business you must send notice of business closure but it would be better if you would give your clients enough time to look for alternate option. There is probability that any customer wants to make a big deal with you in the next month, so if you would send notice of business closure to him then he might complete his transaction before business closure.

It is necessary to clear the accounts before closing your business, so you should inform all the creditors and other people by notice of business closure to request them that they should clear the accounts before closing date. If you have any planning to start the same business in future and you want to start it on any other place then you could inform your customers in the notice of business closure about it, it would make your customers think that how important they are to you.

Moreover your clients would surely like to know why you are going to close your business, so you should mention of reason of closing your business in the notice of business closure. If you have the address of your customers, suppliers and creditors then it would be better to mail them notice of business closure, however if you don’t have it then you could handover the notice of business closure to your business contacts with the receipts or bills. For every professional it is essential to give notice of business closure in order to inform that you would not be available anymore.

Find out more about Business Closure and Sample Business Closure Letter.