What kinds of costs are involved in making a decision to shut down?

There are several costs involved when making the decision to shut down the business. “There are legal, tax and financial matters which must be addressed” (FindLaw.com, n.d.). If the motel had debts or items they were leasing, they would have to come up with the funds to close all debts and contracts prior to closing. If the motel was part of a franchise, they may also have additional fees to pay before closing. FindLaw.com also mentions that a final tax return must be filed when the business closes, which may be another fee that the business must pay (n.d.). Overall if a motel has the option to sell when they are being surrounded by econom