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On Friday, the news we've known for some time was officially announced: Facebook has acquired check-in service Hot Potato. Hot Potato has updated its website with a "We're winding down soon" message and a link to its blog post detailing the acquisition. If you've got to make a "going out of business" announcement, then Hot Potato's is the kind that many startups would like to make.
When closing a business - whether it's a happy ending or a tragic one - there are undoubtedly a number of legal and financial obligations. But in addition to notifying your lawyers and accountants, what considerations should you make for your soon-to-be-former customers?