FAQ: Voluntary Dissolution of a Corporation in Ontario

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When a corporation is dissolved, the corporation ceases to legally exist. It can no longer own property, carry on business or enter into contracts.

Dissolution is voluntary if the corporation itself applies to be dissolved. Dissolution is involuntary if the corporation is dissolved by the government for failure to maintain its annual filings, failure to comply with other legal requirements, or in accordance with a court order. In this guide, we only deal with voluntary dissolution.

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