The Guide on the Company’s Financial Difficulties and Their Prevention has been updated – the contents of closing down a business as a separate entity

Managing a company’s finances is particularly important in times of economic uncertainty. Each decision affects profitability and business continuity.

The guide Company’s financial difficulties and their prevention has been updated to provide companies with clearer instructions and tools for

• monitoring the financial situation
• improving profitability
• coping with payment difficulties or debts.

At the same time, the content on closing down a business has been removed from the guide and can now be found as a separate entity in the Suomi.fi business section. The contents have been supplemented and clarified on the basis of feedback. For example, the stages of bankruptcy proceedings are now described in a graph that illustrates the progress of the process.

You should familiarise yourself with the guide

• as soon as the financial situation of the company starts to require attention
• at the latest when payment difficulties first occur
• before you decide to close down your business because it is also possible to overcome payment difficulties.

Read the guide Company’s financial difficulties and their prevention

However, if you have to close down your business, you can find instructions on how to terminate business activities either voluntarily or in bankruptcy proceedings in Suomi.fi.

Familiarise yourself with the instructions for closing down a business