How To Dissolve An Ontario Corporation | Ontario Dissolution

Are you closing down your business in Ontario? We know it’s a difficult decision, one that can turn into a long and stressful situation. At Ontario Business Central, we offer the services you need to legally dissolve your business, so you can focus on the other aspects of closing up shop and figuring out your next move.
In Ontario, you are legally required to file a dissolution of an Ontario-incorporated business if it ceases operations. Unless a formal dissolution is filed, the corporation is considered legally active and therefore liable for any outstanding debts, contracts, taxes, and other obligations. A corporation is only considered dissolved once the Articles of Dissolution have been filed and a Certificate of Dissolution has been issued by the Province of Ontario.
So, how do you dissolve a business in Ontario?
The first step is to confirm that all the taxes are up to date. Once that’s confirmed, you can file the Articles of Dissolution. The Articles are a formal notice stating that business operations are voluntarily ceasing. To file the Articles of Dissolution, you will need pertinent information about your business, such as the corporate name or numbered corporation name, select that the business has no debts or has made accommodations and that all liabilities have been settled, confirmation from shareholders, the name, address, and signature of a single current director, the date of dissolution, and the Company Key if available.
The Company Key is a 9-digit number provided to you when your business was first registered or incorporated in Ontario. But here’s where working with Ontario Business Central makes a difference.
As a client filing Articles of Dissolution with Ontario Business Central, you won’t need the Company Key. As an intermediary with the provincial government, we can access corporate records without a key and file the dissolution on your behalf. Our full-service package includes compiling and submitting all the documents required to prepare the Articles of Dissolution, submit it, and legally dissolve your business in Ontario.
This gives you more time to attend to the other aspects of terminating business operations, like notifying:
Suppliers
Landlord if applicable
Employees making applicable severance
Shareholders
Canada Revenue Agency
At Ontario Business Central, we aim to make the process of dissolving a business in Ontario as smooth and hassle-free as possible. Our goal is to help ease the stress of closing down your business so that you can focus on your next ventures. Our experienced and friendly team can handle the entire process for you, starting with completing the Articles of Dissolution. We have been providing this service for over 25 years to countless entrepreneurs across the province.
This video is only one of many helpful guides to dissolving your business and ceasing operations in Ontario. Check out these other related videos for more information:
Registering a Business: • Registering a Business...
Ontario Incorporation-How to DIY: • Ontario Incorporation ...
Keeping Your Ontario Corporation Filings Up-To-Date: • Keeping Your Ontario C...
We also have a number of articles that provide more information on dissolving an Ontario business. Head over to www.ontariobusinesscentral.ca... to start.
The information provided in this video is specifically designed to assist and in no way shall be considered as legal advice.
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[@preetkaur8678]

How much you charge

[@OntarioBusinessCentral]

Hello Preet, Our fee for an Ontario dissolution is $272.40, and the link to submit your request is: www.ontariobusinesscentral.ca/forms/file-articles-dissolution-ontario.php Please let us know if you have any other questions. The OBC Team

[@katemonakhova7489]

Your voice is competing with the music on background:(

[@OntarioBusinessCentral]

Thank you Kate, we are reviewing the sound between John and background music. Very much appreciate your reaching out.