The objective of this study is to examine the reason for closure of the business in Bihar’s Gaya district, since it plays an important role in Bihar’s economy to generating the employment. While this study is
based on primary data. Which is collected by schedule and interviews.
Observation method has played crucial role in this study. Moreover this study discusses the reason of chosen that occupation and also the
reason for leaving that firm. This study also find that there is lack of
official data on death of firm in government of India. The study also find that age is determining factor behind the death of firm because as age decline their health is also not supporting and lack of helping hand they are keen to shut down their firm. Despite of that due to lack of managerial and analytical capacity many firm closed.

Keywords: Informal Sector; Self-Employment; Death of Firm.