A business owner may close a business by filing a notice of termination or a notice of cessation of business online.

The differences between filing a notice of termination and a notice of cessation of business are:

• The date of termination can be any date before the date of expiry but the date of cessation is the date of expiry.
  
  
• The notice of termination can be filed anytime before or after the date of expiry but the notice of cessation can be filed only after the registration has expired.
  
  
• The notice of termination requires the endorsement of all the partners but the notice of cessation can be filed by any owner of the business.
  
  
• The fee payable for submitting the notice of termination is $20 but there is no fee payable for submitting the notice of cessation.

The owner will have to log into www.bizfile.gov.sg using his ID No. and Singpass to file the online notification to close the business.