Go directly to contents.
Changes and crisis situations

Checklist for closing down a business

Regardless of what kind your company is and how you close it down, make sure you take care of the following: 

  • Submit a notification of termination to the Business Information System (BIS).
  • Notify and pay taxes and other charges throughout the year of termination.
  • Keep accounting records until the end date of business activities.
  • Cancel the insurance policies and other agreements connected to your company.
  • Amortize or transfer company mortgages.
  • Keep accounting records for 6-10 years.

Instructions for submitting notifications are available on the BIS websiteOpens in a new window..

Also discuss with your accountant whether you should give up your company’s assets. The assets shown in the balance sheet may result in tax consequences if they are taken into private use.

Instructions for different types of companies:


Are you satisfied with the content on this page?

Text edited by: Suomi.fi editorial team
Updated: 22/1/2026