Certificate of Discontinuance of Business 2025

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Steps to take to close your business File a final return and related forms. Take care of your employees. Pay the tax you owe. Report payments to contract workers. Cancel your EIN and close your IRS business account. Keep your records.
Discontinuation refers to the process of ending or ceasing a product, service, contract, or business operation. It can be voluntary, such as when a company stops selling a product due to low demand, or involuntary, such as when a business shuts down due to financial difficulties.
A Certificate of Dissolution is issued by Corporations Canada to terminate the legal existence of a corporation/cooperative.
Cessation of Business simply means when business owners decide to end business operations, either temporarily or permanently based on reasonable grounds or upon the death of the business owner (proprietor).
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