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how to terminate your corporation how to stop its existence cancel or in legal terms dissolve the corporation hi and welcome back again me eugene from cbes canadian business and enterprise services and today i would like to explain you how legally to approach the process what it means which considerations to consider how to proceed with the process of dissolution and what are the alternatives for the dissolution which i think are better more valuable than the solution itself so before we proceed with the actual dissolution lets remember the nature of the corporation and remember as i always say corporation is a legal entity we can create it but it cannot down itself it doesnt have physical existence there are multiple corporations that uh outlive and well outlive their creators one of the most famous is the hudsons big company of uh canada that was created back in 1670 its the longest living corporation in the english-speaking world another famous corporation is a ford motors compa