After several years in business, I will close at the end of the year. There is lots of advice about opening and operating the home daycare, but what about a how-to on closing?
I have a few things in mind and can use advice on others:
- Issuing a letter to clients just over a month before closing (I have a 30-day notice in my contract for clients and provider)
- Contacting state licensing office to let them know my close date and the fire marshal's office, if required.
- Contacting homeowner and liability insurances to cancel coverage effective close date.
The questions:
- Is there any argument for carrying the insurance policies any longer? all my fa,ilies are happy with care and I'm following the contract rules.
- What to do with all the STUFF that I've accumulated? I can't take a charitable donation write-off since they're business purchases. Yard sale? Other ideas?
- Anything I've forgotten? (And yes, we're going out to dinner to celebrate after my last day!)
Thanks, everyone.
I have a few things in mind and can use advice on others:
- Issuing a letter to clients just over a month before closing (I have a 30-day notice in my contract for clients and provider)
- Contacting state licensing office to let them know my close date and the fire marshal's office, if required.
- Contacting homeowner and liability insurances to cancel coverage effective close date.
The questions:
- Is there any argument for carrying the insurance policies any longer? all my fa,ilies are happy with care and I'm following the contract rules.
- What to do with all the STUFF that I've accumulated? I can't take a charitable donation write-off since they're business purchases. Yard sale? Other ideas?
- Anything I've forgotten? (And yes, we're going out to dinner to celebrate after my last day!)
Thanks, everyone.
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