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Information for Voluntary Dissolution of a BC Unlimited - BC Registry - bcregistryservices gov bc

Information for Voluntary Dissolution of a BC Unlimited - BC Registry - bcregistryservices gov bc 2025

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The document provides a detailed guide for the voluntary dissolution of a British Columbia Unlimited Liability Company under the Business Corporations Act. It outlines the necessary steps, including ensuring the company is in good standing, filing an Application for Dissolution electronically, and the associated fees. It also highlights the liability of shareholders after dissolution and includes references to relevant sections of the Act.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How long does it take for a company to shut down?

The amount of time it takes to liquidate a company depends on the method used and the complexity of the business. On average, it can take anywhere between 3 months and 1 year.

How to dissolve a company in BC, Canada?

Thank you for your request on how to dissolve a company under section 316 (see attached Appendix A) of the Business Corporations Act. STEP 1: COMPLETE AN AFFIDAVIT. STEP 2: FILE ANY OUTSTANDING ANNUAL. STEP 3: FILE A DISSOLUTION REQUEST. STEP 4: RECEIVE CONFIRMATION.

How long does it take to dissolve a company in bc?

Types of LLC Dissolution Dissolutions fall into three categories: judicial, administrative, and voluntary.

What does voluntary dissolution mean?

The dissolution is to take effect at a.m. p.m. Pacific time on being a date and time that is not more than ten days after the date of the filing of this application.

How long does it take to dissolve an LLC?

The dissolution process of voting to end the LLC and filing the paperwork can take as little as a day. The winding-up process usually takes longer, especially if you have to go through the process of selling off company assets or negotiating with creditors. The process could take weeks or months.

How quickly can a company be dissolved?

The company will be dissolved A notice will be advertised in the Gazette announcing your decision to dissolve the company. At that point, any outstanding creditors will have the chance to object. If no one objects, the company will be dissolved two months after the first notice was advertised.

What are the three types of dissolution?

Under the Business Corporations Act, an application to restore a company may be made either to the Registrar of Companies or to the court. Applications to the court are only required if dissolution occurred before March 29th, 2004.

Information for Voluntary Dissolution of a BC Unlimited - BC Registry - bcregistryservices gov bc 2025

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