The basic process to prepare to close a Thai company is:

• Complete the annual audit for the most recently completed tax year
• Terminate all Thai and foreign employment, and turn in all work permits
• Pay all employment severance obligations
• Terminate all lease obligations
• Liquidate all property
• Settle all outstanding bills
• Obtain release from all contractual obligations
• Receive back all deposits
• Clear all checks
• Close all bank accounts
• Bring all company assets and liabilities to ZERO