Your situation
What to do with your company's records in your situation
What you do with the records depends on the company today: closing with the tools still on, already stopped, bought, unsold, in a bankruptcy or assignment, after a layoff, after a product shutdown, or still running. You get who can sign, whether the tools are still reachable, and what to do before accounts are turned off. The full close and the full sale are separate jobs.
Not sure which situation is yours? Start with which exit option is right for my company.
All situations
Each situation is one position the company can be in today. Open the one that is true now.
What to do with company data when closing a business
What to do with company data while the company is closing, before tools are canceled.
Sell data from a closed company
Whether a closed company's records can still be licensed, and who may sign.
License company data after an acquisition
Who must agree before records of an acquired company are licensed.
My business didn't sell
What is still possible when a buyer for the business did not appear.
Selling company data in bankruptcy
Authority questions when company data sits inside a bankruptcy or an assignment.
What to do with company records after layoffs
Records after layoffs, while the company keeps operating.
License records from a product you shut down
Records from a product that stopped, when the company did not.
Can an operating company license its data?
Licensing records without selling or closing.
Which page to open
Match the company's status today, not the status you expect next quarter.
| If this is true | Open |
|---|---|
| The company has decided to close, or is closing, and the tools are still on. | What to do with company data when closing a business |
| The company has stopped, and it may already be dissolved. | Sell data from a closed company |
| The company was bought, and someone is asking about the old records. | License company data after an acquisition |
| A marketplace or broker listing produced no buyer. | My business didn't sell |
| A bankruptcy case or an assignment for creditors is open, or is about to be. | Selling company data in bankruptcy |
| Headcount fell, the company continues, and accounts may be turned off. | What to do with company records after layoffs |
| One product stopped, and the company did not. | License records from a product you shut down |
| Nothing is closing. The company is still operating. | Can an operating company license its data? |
What every situation still shares
The company signs with the data partner. You sign an NDA and the licensing agreement, directly with the data partner, not with Vetrix. We tell you the data partner's name before you sign. The cost to the company is nothing. The data partner pays Vetrix's fee, not you. If no agreement is signed, nobody pays anything.
Names, emails and phone numbers, customer and staff details, and passwords and legal files stay out of the copy. Personal details are removed before anything leaves your company. You can hold back anything else too. You approve each system before anything is shared. A close, a sale, a layoff, or a product change does not move those items onto the list of what can be licensed.
The same eligibility rules still apply: at least 30 staff at peak, 25 if most of the staff are in the US, and at least 2 years of records in systems people use every day. The company also needs the right to license what it offers. A situation does not replace those rules, and it does not guarantee a yes. The fit decision is a yes or no within 3 days. It is not a dollar offer. You can stop after it. The enquiry uploads nothing.
What changes from one situation to the next is who can sign, whether the tools are still reachable, and what to do before accounts are turned off. Read that difference on the matching situation. The shared rules live on does your company qualify to sell its data?, what is shared and never shared, and how company data licensing works.
If you need the full close, from the board through people, taxes, and the state filing, read how to wind down a company. If you are choosing among ways out when a buyer for the whole company has not appeared, read how to sell a failed startup. The general path for a license of operational records is how to sell company data to AI companies.
Side-by-side routes are in compare exit options for a company. For a single closing or licensing task, read guides to closing, selling or licensing a company. Roles for a founder, a finance lead, or an outside advisor are in company data licensing for advisors.
Related
- Winding down
Order of operations to wind down a company, from approval through taxes and dissolution.
- Selling a company
How to sell a failed startup, and the options when a company cannot be sold as a whole.
- How to sell company data
How to sell or license company data to AI companies, and which route fits.
- For advisors
Company data licensing for founders, finance leaders, investors, and advisors.
- Guides
How-tos and lists for closing a company, selling one, or licensing its records.
- Compare
Exit options compared: sell, broker, shut down, or license records.
Questions about company records in a specific situation
Which situation page should we open?
Open the situation that matches the company today, not the status you hope for next quarter. Closing, with the tools still on, is a different set of facts from a company that has already stopped. A failed sale, a layoff, a shut product, and a company that is still operating are different again. An acquisition and a bankruptcy or assignment each change who may have authority. Pick the description that is true now.
Do the same record rules apply in every company situation?
The company still signs with the data partner, the cost to the company is still zero, and personal details are still left out. Those shared rules do not tell you who can sign, whether the tools are still reachable, or what to do before accounts are turned off. Each situation states the difference. Read that situation for the difference, and read the eligibility rules on staff, years of records, and the right to license.
Does the situation change the rule that the company signs?
No. The company signs with the data partner, company to company, in every situation where a license is signed. What changes is which company that is, and who has authority to sign for it. A founder, a former employee, a broker, and a fund do not become the signer because they are the people asking. If authority is unclear, ask your lawyer before anyone signs.
Where is the full wind-down checklist?
The full close, from approval through employees, records, taxes, and the state filing, is how to wind down a company. These situations do not replace that sequence. They say what changes for the records only. If you are selling the whole business, or you are choosing among exits after a failed sale, use how to sell a failed startup for the menu of options. Come back to a situation when the question is the records.