What is in a going out of business letter?

A 'going out of business' letter is a letter from a business announcing that the business is closing. A 'going out of business' letter may be sent to regular customers, regular vendors, the banks and financial institutions with which you do business, and the businesses to whom money is still owed (including how and when they may expect final payment). If the closing business is an important employer or supplier in its community, a 'going out of business' can be sent to media outlets to inform the general public.

A 'going out of business' letter should never be used to inform employees of that business, employees should have been informed in person (perhaps in a meeting held for that purpose) in advance of notifying the public.