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Decided to close the company — what should I do?

İİbrahim A***5 months ago·42 messages·14.3K views#closing#end
İİbrahim A***ExpertCommunity member
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1
#1

decided to close the company. had a lot of financial issues. closure process is long (9 months). paid severance to employees, paid taxes then closed it down.

UUfuk S***Member
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Front office accounting
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Agriculture
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cooperative
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74

Doki · Incident response support · 2025

Most Helpful#2

Closure: need an accountant + lawyer. Written request, tax and labor law. Do it right, then don't worry.

EEmre D***Member
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Marketing manager
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Real estate
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workshop
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#3

There's one point I'm curious about. Start with a small trial; don't commit to everything at once.

Don't hesitate to ask; those who don't ask always pay more. Correct me if I'm wrong.

İİlknur A***MemberCommunity member
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#4

I didn't know that. Pausing growth to breathe is also a strategy, nobody says that.

If it's your first time, start small; scaling comes later.

ÖÖzge U***Member
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Marketing manager
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Real estate
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120-person company
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18
#5

Great work.

VVildan Ş***Member
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Quality control inspector
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Textile
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medium-sized business
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162
#6

There's a common mistake people make when doing this. Second-time founders don't make the same mistakes but find new ones.

Mistaking revenue for cash is the most expensive illusion; trust the bank account. This is my opinion, I'm not claiming it's absolute truth.

HHüsniye D***Member
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Law
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family business
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#7

Same here. When you try to change everything at once, nothing settles.

Start with a small trial; don't commit to everything at once.

SSelin A***MemberCommunity member
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273
#8

We got stuck at the same point for a while. Pausing growth to breathe is also a strategy, nobody says that.

Good luck with that.

PPerihan S***MemberCommunity member
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352
#9

I didn't know that. Start with a small trial; don't commit to everything at once.

Proven by experience.

KKader B***Expert
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IT manager
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Agriculture
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boutique agency
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233
#10

i went through the same thing.. then solutions that work at a small scale collapse when you grow; I learned this late.

DDamla Z***MemberCommunity member
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202
#11

To get into the details: Processes without records never improve, because you don't know what to fix.

Of course, it varies if your situation is different.

EElif D***MemberCommunity member
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#12

Quick summary for newcomers: Taking notes for two weeks yields better results than a six-month estimate.

If you have questions, write them; I'll answer as best I can.

OOya E***Member
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Human Resources Specialist
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chain store
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#13

We experienced almost the exact same thing last year. Looking profitable on paper but having no cash in the bank is very common.

When making a decision, first look at what data you have on hand. That's all, sorry if I went on too long.

TTülay Ç***MemberCommunity member
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#14

How did you solve this? btw everything goes well for the first three months; problems arise in the fourth.

The reason for failure isnt one big mistake but the accumulation of small decisions... Correct me if Im wrong.

MMert Ş***Member
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Retail
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regional distributor
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#15

Let me share what happened to me; it might be useful. Extending terms makes customers happy but turns you into a financing institution.

OOnur A***Member
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#16

I'll try it.

OOnur A***ExpertCommunity member
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#17

Thanks, this was very helpful. Mistaking revenue for cash is the most expensive illusion; trust the bank account.

HHakan S***ExpertCommunity member
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#18

Quick summary for newcomers: Mistaking revenue for cash is the most expensive illusion; trust the bank account.

Proven by experience.

UUğur Y***Veteran
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#19

Saved.

SSelin B***MemberCommunity member
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#20

Let's separate the concepts, they're getting mixed up. If you don't write this down from the start, it leads to arguments later.

Just leaving this note, it might be useful.

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