{"id":20198,"date":"2022-09-21T11:16:01","date_gmt":"2022-09-21T09:16:01","guid":{"rendered":"https:\/\/www.factofly.com\/?p=20198"},"modified":"2024-08-15T13:38:14","modified_gmt":"2024-08-15T11:38:14","slug":"keep-your-customers-bankruptcy-doesnt-mean-goodbye","status":"publish","type":"post","link":"https:\/\/www.factofly.com\/en\/blog\/behold-dine-kunder-konkurs-betyder-ikke-farvel\/","title":{"rendered":"Keep your customers: bankruptcy does not mean goodbye"},"content":{"rendered":"

You're down, but not out. Here's your guide to keeping your customers, even if you have to turn the key.<\/b><\/h2>\n<\/div><\/div><\/div><\/div><\/div>

Bankruptcy, insolvency and closure. There are many concepts to keep track of if the accident happens and you are forced to turn the key and shut down the business.<\/span><\/p>\n

For most people, this is an unfamiliar and difficult situation - why now? How do you best come out on the other side? Here we guide you through the process with useful knowledge and advice, as well as a guide on how you can continue to keep your customers without having a CVR number and despite the closure.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>

Shutting down your business step by step:<\/b><\/h3>\n<\/div>

The first important process, when you have made the decision to stop your company (bankruptcy or not), is to get a handle on the administrative matters in connection with the closure of the company. Depending on the type of business you have, there are different ways to do this.<\/span><\/p>\n<\/div>

<\/i><\/i><\/span>Your quick overview of business closures<\/span><\/a><\/h4><\/div>
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Most freelancers or small businesses are registered as sole traders or personally owned small businesses (PMV). You can find a more detailed one at the Danish Business Authority guide<\/a> for the closure of this form of business, but in general there are 5 important points:<\/span><\/p>\n

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  1. Report closure of the business and its registrations:<\/strong><\/strong>On Virk.dk<\/a> you can specify the closure of the business and a termination date. After doing this, your company will automatically be deregistered for e.g. tax, VAT, etc. on the termination date.<\/span><\/span><\/li>\n
  2. Completion of the VAT account:<\/strong>After this, you must remember to report and pay VAT up to and including the end date that you indicated on Virk's website. It is slightly different from company to company, how the VAT is calculated, but you can read more about this in Tax guide<\/a>.<\/span><\/li>\n
  3. Correct your advance statement at the Tax Office:<\/strong><\/span>Once you've mastered the two points above, it's time to fix yours advance statement with the Tax Office<\/a>, so that in future you will pay the correct amount in tax.<\/li>\n
  4. Get control of your tax accounts:<\/strong><\/span>No matter what time of the year you close your business, you must get the tax accounts for the year under control. Therefore, you must submit and correct the annual statement via the information form at treasure<\/a>.<\/li>\n
  5. Save your accounts:<\/strong><\/span><\/span><\/span>The last important point is simply that you must remember to save all your invoices and accounts for at least 5 years after the closure of your business.<\/li>\n<\/ol>\n

    If, on the other hand, you have another form of business such as ApS or A\/S, the process is slightly different depending on your situation. You can read much more about this at The Danish Business Authority<\/a>.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>

    <\/div><\/div><\/div><\/div><\/div><\/div>

    Keep your customers despite the closure of the CVR number<\/b><\/h2>\n<\/div>

    Once you've got the administrative stuff under control, it's a good idea to reach out to your customers to inform them of the situation.\u00a0<\/span><\/p>\n

    If you still have customers left and want to continue the collaboration, it is possible to do this without a CVR number. Here we tell you how and guide you through communication with your customers.<\/span><\/p>\n<\/div>

    Continue work without CVR no. and company<\/b><\/h3>\n<\/div>

    With a third-party solution such as Factofly<\/a> you can easily continue work and invoicing without having a CVR number and thus keep your customers and revenue.<\/span><\/p>\n

    When you register with Factofly, we will take care of the administration, where you need neither a CVR number nor a registered company, as the invoicing and all administrative headaches will be taken care of by us.<\/span><\/p>\n

    However, it is important to inform your customers about the change in the best possible way, so that there is a greater chance that the collaboration will continue without problems and that they will be involved in what is going on.<\/span><\/p>\n<\/div>