($50 instead of $25) and to fill in different forms of the Articles of Dissolution. A letter of consent issued by the Ministry of Finance must accompany Please attach this form to the filing submission. I was charged with a very serious offence in January of 2013. The name entered must be exactly the same as it appeared on the original Articles of
As a matter of fact, a corporation can be involved in a civil, criminal or other action within two years of dissolution. list of locations see the “Offices That Endorse Articles Submitted Under the Business Corporations Act”

Voluntary dissolution is the most commonly employed method for dissolving a corporation when it has ceased to fulfill a useful purpose for its shareholders.
-, Certificate of Status/Compliance/Good Standing -, Extra Provincial Licence (Existing Corp Outside of Canada), Superior Court $25k+ cases (Toronto only), Small Claims Court (Toronto only) - 0-$25k cases, Preparation of the Articles of Dissolution according to your instructions, Articles provided to you in 'draft' for your review, acceptance and signature prior to submission with the Ontario government. You also need to discharge all corporations’ obligations and to do all other acts required to liquidate your business; and after completing the above, you need distribute the remaining property, either in money or in kind, among company’s shareholders according to their respective rights. All members of the corporation have agreed with the decision to dissolve a company. If a corporation violates the law defined in the, or it fails to comply with the filing requirement (the. Date of incorporation/amalgamation (yyyy/mm/dd): 3. For over-the-counter service articles may be filed in person at the Toronto office or at some Land Registry/ServiceOntario offices in Ontario. are acceptable. Entity Name

Ontario Corporation Number (OCN) / Business Identification Number (BIN). Also, you need to confirm that the company hasn’t gone bankrupt and that it doesn’t have any properties or liabilities.

Instead of completing form 10 or 11, you need to complete a form 17 or 19.

Sometimes you are forced to shut your business down and when you make that decision, the most important document you need to prepare is the Articles of dissolution.

Although the Articles of dissolution document seems quite easy to fill in, you should better consult a lawyer than regret later. We have already discussed what steps you need to take to incorporate a business in Ontario.

The corporation has obtained consent from the Minister of Finance to the dissolution and has filed all

Verification Services Branch any outstanding fees.

That letter confirms that you’ve got a green light and that you can dissolve your business. Ontario Articles of Dissolution are filed typically when a corporation is no longer in business and puts an end date to its activity. There are no proceedings pending in any court against the corporation. (Signature)

BY MAIL - cheque or money order payable to the Minister of Finance. ). If you need to obtain a certificate of intent to dissolve, this is a right form for you.

Service in French: 1 800 959-7775 An executor, accountant or lawyer cannot sign Articles of Articles of Dissolution- How to Dissolve a Corporation in Ontario, There are two types of corporations, a business corporation and a not-for-profit corporation. Beside the signature set out the office of the person who is signing If you are not sure about these two questions and you don’t know in what way to dissolve a corporation, you should better consult a. the corporation hasn’t started the business. The remaining assets should be distributed to the company shareholders and investors, or co founders depending on the percent they have in the company.

Oshawa ON  L1H 8H5

Finance, Visa, MasterCard, American Express or debit card. This statement must be Articles in duplicate may be mailed to the Toronto address listed below. The Articles of Dissolution or Form 4017 must be filed no matter the type of dissolution a Canadian company is undergoing. the Business Corporations Act;

The shareholders may, by special resolution, require the corporation to be liquidated or dissolved voluntarily.

Unfortunately, not all businesses succeed. Does your corporation follow the current corporate tax filings? The payment should be sent to the Minister of Finance 375 University Avenue (2nd floor) in Toronto, ON  M5G 2M2. i.e. There is also an alternate procedure accomplished by statutory winding-up procedures in which a liquidator is appointed to oversee the liquidation. For that purpose we prepared a detailed guide on how to dissolve a corporation in Ontario. If your corporation carries out business in other provinces than Ontario, you need to follow the federal laws. When you file a request to receive the Articles of Dissolution, you need to cite the name of the corporation, or its number name, as well as the evidence that all shareholders agreed about dissolution of the company. Articles in duplicate may be mailed to the Toronto address listed below. The dissolution must be authorized as required by section 237 (a) or (b) (as applicable) of the Business Corporations Act. Scott presented his submissions very clearly and to the point. If you are a shareholder you may not have any assets to recover after three years but you will be able to apply for a revival in next 20 years.

: You have to submit the Articles of dissolution in duplicate and with original signatures. Also, if a corporation doesn’t pay the fee that requires the Business Corporations Act, it can be dissolved.