自じ主しゅ廃はい業ぎょう

noun

voluntary liquidation; voluntary closure of business

Refers to a company or business owner choosing to cease operations and dissolve the business, as opposed to forced closure or bankruptcy.

• 経けい営えい難なんのため、社しゃ長ちょうは自じ主しゅ廃はい業ぎょうを決けつ断だんした。

  Due to financial difficulties, the president decided on voluntary closure of the business.

• 自じ主しゅ廃はい業ぎょうの手て続つづきには、所しょ定ていの書しょ類るいが必ひつ要ようです。

  The voluntary liquidation procedure requires specific documents.