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Suspend Your Business

Many business owners who are members of the National Guard or reserves make the decision to suspend their business during absences caused by training, mobilization, and deployment. There are many reasons business owners might choose to do so, but oftentimes suspending business is the only viable option. For example, business owners who rely on a special skill or trade that only they possess, such as artists or craftsmen, do not have the option to pass their business on to someone else. Others, who own businesses that bring in income based on the owner's presence at a job, such as independent truck drivers, cannot be sustained when the owner is away for an extended absence.

Regardless of the reason you plan to suspend your business while you are away, the following section is designed to serve as a guide and preparation tool to help you ready your business for an extended absence. This guide is specifically designed for business owners wh plan on closing their business with the intent to re-open at a later time. If you choose to close your business permanently, you may consider selling your business and should speak with legal and financial experts to guide you in the sale of your business.

It is important that you are prepared to suspend your business before you ever receive orders that you will be deployed. Because the steps to close your business will take time, it is imperative that you are organized and have an action plan in place so that you can begin implementing it as soon as you do receive your orders. And most importantly, remember that this guide is designed to be one resource to assist you in preparing you for deployment. Always work with legal and financial experts and take advantage of the other resources offered in this guide to ensure that your deployment plan is the best possible for your unique business, and that you are in full compliance with all applicable state and federal laws.

Get started on the first step of deploy proofing your business by Preparing to Suspend Your Business.

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