SimpleClosure uses technology to simplify the complex task of shutting down a business. Tailor-made for startups, we handle all closure-related tasks, simplifying and expediting the process while making sure it's done right.
Hi Product Hunt!
We're excited to officially peel back the curtain and announce our public Beta launch!
*A bit about my journey…*
I still remember the day. We were sitting in our quarterly board meeting, reviewing our finances, when one of our board members asked me, “Dori, what would a plan for shutting down look like?”
“Shutting down” — the dreaded words no founder ever wants to hear.
At the time, I had no idea what shutting down actually entailed, so going home that evening from the board meeting I had homework. I started researching online for information on how to properly shut down a company, but could not find any substantial resource I could trust. When I asked our lawyer (we were using a top-five tech law firm) for help, he said, “We don’t really deal with shut downs.” Seriously?!
Our accounting firm said the same.
I felt lost, stressed and as if I were literally the first business in America shutting down. All I wanted was a simple, transparent solution to shut down; I wanted some help at this low point in my company and career.
This pain and frustration has sat with me for some time now.
That’s why I decided to launch SimpleClosure — a product that founders could rely on when they need help the most.
*Our goal*:
To become the easiest and most trustworthy way to shut down your startup. Taking the process from months and years to days and weeks, all while giving founders confidence that it’s done right! We recognize that failure is part of life. What motivates us is not companies shutting down, rather helping founders move onto their next thing with the peace of mind they deserve.
*How it works:*
First, SimpleClosure collects information to understand the challenges and intricacies specific to a company.
We then initiate procedures and work on executing the specific dissolution and closure plan. That includes resolving any remaining obligations and tying up loose ends with customers, vendors, state agencies and employees. During that stage, the company prepares the necessary legal paperwork and works to secure required consents from stakeholders.
Lastly, we handle the company’s intellectual property, settles any remaining financial obligations and handles fund distributions to investors.
We also offers advice on post-closure activities, such as the retention and safe-keeping of vital company records.
Honestly this is the most unique idea I've seen in a long time! It focuses on a part of the startup journey that even though is so commonly encountered, is so overlooked!
Congratulations, this is an awesome service! (although I hope I won't use it haha)
@dan_tegzes Thanks for the compliment! Agreed - this is so often overlooked. It can be really hard sometimes to get help when you're down and we're trying to change that!
And yes, I hope you won't need to use it!
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