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GOING OUT OF BUSINESS SALE PERMIT APPLICATION THIS SECTION MUST BE COMPLETED BY ALL APPLICANTS AM DATE & TIME SALE TO START:, 20 PM DATE BUSINESS TO BE TERMINATED:, 20 APPLICANT Names: HOME ADDRESS:
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Going out of business refers to the process of closing down a business permanently and ceasing all operations.
Any business entity that is planning to close down permanently and cease operations is required to file going out of business.
To fill out going out of business, the business entity needs to provide all the necessary information regarding the closure, financial obligations, asset distribution, and any legal procedures involved.
The purpose of going out of business is to formally and legally dissolve a business entity, settle all financial obligations, distribute assets, and terminate all operations.
The information that must be reported on going out of business includes the business's name, address, contact information, financial statements, details of outstanding debts, inventory records, and any agreements or contracts that need to be terminated.
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