As exciting, adventurous and rewarding it may have been to register, start and execute your own business in Ontario, you may be here reading this because something went wrong and you now want or need to dissolve your Ontario registered business.
Easy Quick Business Registration is sensitive to your position and will do everything possible to make the process of dissolving your company expedient and cost effective as described in our Mission Statement. – We want this process to be as seamless and easy for you as possible.
There are many reasons for dissolution of a company.
The decision to dissolve your company with the Ontario government was likely not a pleasant decision to make nor to execute. There can be employees involved who will be adversely affected and not take the news kindly.
The process to dissolve a company, in certain situations, can be an overwhelming task. Dissolving a Corporation is certainly more demanding than dissolving a Sole Proprietorship, just as it was to create and run; but either requires that certain steps must be followed.
Reasons to dissolve may include:
- financial restraints
- lack of growth
- partnership disagreements
- product liability costs
- noncompliance with requirements (federal or provincial)
Easy Quick Business Registration can assist you with the process of dissolving your business with the Ontario government.
We will guide you through the process step-by-step. We do this by having you answer specific questions about your business only you will know all the answers to; so that we can fill out the appropriate Ontario government forms to dissolve your company. It may seem tedious to answer all of the questions but our team has reviewed each of the questions presented as they relate to what is required on the Ontario government forms and have reduced the list of questions to its minimum. In some cases we will note certain things to you that you need to do that only you can do and may include such things as filing your last tax return and asking for your authorization from the Minister of Finance that allows you to dissolve your Ontario government registered corporation.
Easy Quick Business Registration understands that this is a trying time for its clients and that these clients are now doing something that does not provide income. Easy Quick Business Registration will work with you in a tactful manner and treat your situation with the utmost confidentiality of the information provided. One must understand that formally dissolving a business helps to reduce the risk of future litigation and liability; one should review these matters with legal counsel.
Dissolution of Ontario registered companies MUST be done on hard copy paper; e-mails, telefaxes, photographs and such are NOT permitted.