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Can one say "I am closing my business" ? or how can one phrase it ?

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  • Shut down/up or close down might work
    – Andrew
    Commented Jan 21, 2021 at 11:06

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The idiomatic phrase for this in American English would be "going out of business." For example, this article uses this term a number of times (also "went out of business" in the past tense), and many more examples can be found online.

A store might, for example, have a "going-out-of-business sale" to sell off all its assets. This process of selling off of all assets can also be more formally referred to as "liquidation"—converting all of the business's assets into cash.

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  • Even if one is closing it by choice ? not because of bankruptcy ?
    – Bigfoot Hani
    Commented Jan 21, 2021 at 10:04
  • @BigfootAdam Yes, these terms apply to any reason. It's also not unheard of for businesses to be forced out of business due to financial reasons other than bankruptcy. For a purely voluntary closure that's not brought on by any problems, I don't think there's a specific phrase for that. It's probably best to note that explicitly if you want to make that clear.
    – Ryan M
    Commented Jan 21, 2021 at 10:08
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    In Britain we would call it a 'closing-down sale'.
    – Kate Bunting
    Commented Jan 21, 2021 at 10:37

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