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What does notice of intent to dissolve mean?

notice of intent to dissolve. A document informing the secretary of state that your corporation will be dissolving.

What is required to dissolve an Ontario corporation?

An Ontario business corporation may be dissolved upon the authorization of: (i) a special resolution passed at a meeting of the shareholders of the corporation duly called for the purpose or, in the case of a corporation that is not an offering corporation, by such other proportion of the votes cast as the articles

What is a certificate of intent to dissolve in Ontario?

To obtain a Certificate of Intent to Dissolve you must confirm that either: the corporation is not bankrupt or insolvent; or. if the corporation is bankrupt or insolvent, it has been at least three years since the trustee in bankruptcy or the receiver has been discharged.

What happens if my corporation is dissolved?

After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the companys non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you cant liquidate assets that are used as collateral for loans.

What is a certificate of dissolution Ontario?

The Article of Dissolution is proof that your corporation has been dissolved and can be used to remove the company from any government records it is listed on. You can obtain blank copies of the Articles of Dissolution from the Ontario Government website or from the office of Corporations Canada.