Closing a business in the Philippines involves more than simply stopping operations. Proper company closure requires coordinated filings with local government units (LGUs), the Bureau of Internal Revenue (BIR), and other regulatory agencies to ensure there are no outstanding liabilities.
CB Accounting Services provides structured, end-to-end assistance for business retirement and company closure—helping you exit properly, compliantly, and with peace of mind.
As part of our business compliance support, we assist companies and entrepreneurs in managing the administrative, financial, and regulatory requirements involved in formally closing a business. Our role is to guide and support you through each stage of the process, ensuring proper documentation, coordination, and compliance.
We assist in preparing and filing business retirement documents with the barangay and city or municipal government. This includes surrendering business permits, coordinating local clearances, and supporting the settlement of any outstanding local taxes or assessments required for retirement certification.
BIR closure is often the most time-consuming part of business retirement. We support the preparation and submission of required documents, assist with tax reconciliations, and help coordinate the surrender of registration certificates and books—working toward securing BIR clearance and confirmation of no outstanding tax liabilities.
Where applicable, we assist in coordinating closure-related requirements with statutory agencies such as SSS, PhilHealth, and Pag-IBIG. This includes document submission, confirmation of settled contributions, and securing proof of account closure.
For corporations and partnerships, we assist with the preparation and filing of required documents for SEC dissolution or business retirement, coordinating submissions and tracking progress until final confirmation is issued.
Note: CB Accounting Services provides compliance and documentation support and works alongside your appointed legal counsel if required.
When it’s time to move on, proper closure protects you from future liabilities, penalties, and compliance issues.
Let CB Accounting Services help you complete the process clearly, correctly, and responsibly.
Expert support. Your peace of mind.
We approach business closure methodically—helping ensure documents are prepared correctly, filed in the proper sequence, and coordinated across agencies.
We assist clients in understanding timelines, managing submission schedules, and avoiding unnecessary delays during the closure process.
Through experience with compliance-related matters, we help identify common issues that can slow down closure and address them early.
In addition to business retirement, we also support:
This allows for smoother transitions before, during, and after closure.