Corporate Dissolution Services Mississauga
Professional, Compliant & Stress-Free | H&H Law Group
Closing a corporation is often a difficult but necessary decision. Whether your business has fulfilled its purpose, is no longer profitable, or you're transitioning to a new venture, formally dissolving your corporation the right way is essential.
- Personalized Legal Strategy
- Strong Advocacy for Your Rights
- Transparent Communication
- Compassionate Support
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Proper dissolution protects you from future liabilities, prevents government penalties, and ensures all financial and legal responsibilities are handled correctly.
At H&H Law Group, we provide reliable and efficient Corporate Dissolution Services in Mississauga for small businesses, corporations, partnerships, professional corporations, and federally incorporated companies. Our experienced corporate lawyers ensure your dissolution is completed with full compliance under Ontario and federal business laws.
Why Corporate Dissolution Matters
Dissolving a corporation correctly is far more than simply stopping business operations. Without formal dissolution, you may still be responsible for:
- Annual tax filings
- Government fees and penalties
- Outstanding liabilities
- Corporate record maintenance
- Audits or CRA issues
A proper legal dissolution ensures your corporation is closed permanently and cleanly, allowing you to move forward without legal or financial complications.
Why Incorporate Your Business?
Incorporation offers numerous advantages that protect your assets, strengthen your credibility, and improve your financial opportunities. Key benefits include:
Limited Liability Protection
Your personal assets are protected from business debts and legal claims.
Tax Advantages
Corporations may benefit from lower tax rates, income splitting, and additional deductions.
Business Credibility
A corporation enhances your brand’s professional image, improving trust with customers, partners, and lenders.
Comprehensive Corporate Dissolution Services in Mississauga
At H&H Law Group, we handle the entire dissolution process from start to finish. Whether you’re closing a provincial or federal corporation, we make sure every step is completed accurately and efficiently.
Corporate Status Review & Compliance Check
Before dissolving a corporation, it’s important to review:
- Outstanding debts
- Government filings
- Corporate records
- Tax obligations
- Business licenses
- Shareholder agreements
Our team conducts a full compliance review and advises you on the required steps before officially dissolving your business.
Drafting & Filing Articles of Dissolution
Corporate dissolution requires filing specific documents depending on whether your company was incorporated in Ontario or federally. We prepare and file:
- Articles of Dissolution
- Required resolutions
- Government forms and certificates
- Final notices to relevant authorities
We ensure every document is accurate, complete, and submitted to the correct provincial or federal body.
Shareholder & Director Resolutions
Before dissolution, shareholders and directors must approve the closure of the corporation. We assist in drafting:
- Shareholder resolutions
- Director resolutions
- Special resolutions (if required)
These documents must follow corporate law requirements to avoid future disputes or liability issues.
Settling Outstanding Debts & Liabilities
Closing a corporation without addressing debts can lead to:
- Legal claims
- CRA involvement
- Personal liability under certain conditions
We ensure the corporation:
- Pays off outstanding debts
- Notifies creditors
- Cancels business licenses and permits
- Completes final payroll and government remittances
This step protects you and ensures a clean closure.
Final Tax Filings & CRA Clearance
Dissolving a corporation properly requires:
- Final corporate tax return (T2)
- Clearance certificate (if applicable)
- GST/HST account closure
- Payroll account closure
- Tax considerations
We coordinate with accountants and ensure all tax obligations are met before dissolution.
Distribution of Remaining Assets
Any remaining corporate assets must be distributed according to:
- Shareholder agreements
- Corporate bylaws
- Applicable laws
We assist in:
- Valuing remaining assets
- Preparing distribution records
- Documenting asset transfers
This ensures shareholders receive their legal entitlements in a compliant manner.
Closing Corporate Bank Accounts & Business Numbers
We guide you in closing:
- Corporate bank accounts
- CRA business numbers
- WSIB and EHT accounts
- Provincial and municipal permits
Everything is documented to avoid future issues or unexpected charges.
Record Retention Guidance
Even after dissolution, certain corporate records must be kept for several years. We provide guidance on:
- What records must be retained
- How long they must be kept
- Secure storage practices
This step ensures compliance long after the business has closed.
Why Choose H&H Law Group for Corporate Dissolution Mississauga?
Dissolving a corporation involves detailed legal requirements. Choosing an experienced law firm protects you from costly mistakes and ensures a smooth transition.
At H&H Law Group, you benefit from:
Experienced Corporate Lawyers
We understand complex provincial and federal corporate laws, ensuring complete compliance.
Full-Service Support
From documents to tax coordination, we handle every stage of the dissolution process.
Timely & Efficient Process
We work quickly to complete your dissolution and minimize any financial exposure.
Clear & Transparent Communication
Our lawyers explain every step so you understand your rights, responsibilities, and timelines.
Customized Solutions
Each business is unique—our guidance is tailored to your corporation’s structure and circumstances.
Local Mississauga Expertise
We provide dissolution services for businesses across Mississauga, helping local corporations close cleanly and professionally.
The Corporate Dissolution Process – Step-by-Step
Our streamlined dissolution process includes:
- Step 1: Initial Consultation: We understand your goals, concerns, and your corporation’s current status.
- Step 2: Compliance Assessment: We identify outstanding filings, debts, and legal obligations.
- Step 3: Corporate Resolutions: We prepare and finalize all required shareholder and director resolutions.
- Step 4: Filing Articles of Dissolution: We submit all required dissolution documents to Ontario or federal authorities.
- Step 5: Final Tax & Government Clearances: We assist in completing final tax obligations and closing accounts.
- Step 6: Asset Distribution: We document the distribution of any remaining corporate assets.
- Step 7: Official Confirmation: Once government approval is received, your corporation is formally dissolved.
Hasnain Hasni
Corporate Lawyer
Hasnain is a dedicated corporate and business lawyer serving clients across Ontario.
Hasnain advises entrepreneurs, small and medium-sized businesses, and professionals on a wide range of business law matters. This includes incorporations, shareholder and partnership agreements, contract drafting and review, corporate governance, and business purchases and sales. His advice is clear, timely, and tailored to help clients manage risk and support long-term growth.
Fluent in Pashto, Urdu, Punjabi, and Hindi, Hasnain helps clients in the language they’re most comfortable with, making complex legal issues easier to discuss and understand.
Approachable, thorough, and solutions-focused, he aims to be a trusted advisor and long-term partner to his corporate clients, helping them manage risk, seize opportunities, and move forward with confidence.
Hasnain represents clients in Mississauga and throughout Ontario and is committed to delivering responsive service, practical advice, and strong advocacy both inside and outside the courtroom.
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Frequently Asked Questions (FAQ) – Corporate Dissolution Services Mississauga
How do I know if my corporation should be dissolved?
If your business is no longer active, is financially unviable, or has fulfilled its purpose, dissolution may be the right step. Our lawyers can assess your situation.
What happens if I stop operating but don’t dissolve my corporation?
You may still be responsible for taxes, annual filings, government fees, and potential penalties—even if the business is inactive.
How long does the dissolution process take?
It typically takes 2 to 6 weeks, depending on the government processing time and outstanding obligations.
Can I dissolve a corporation with outstanding debts?
Debts must be settled before dissolution. We guide you through the proper steps to avoid personal liability.
Do I need shareholder approval to dissolve a corporation?
Yes. Shareholder and director resolutions are required for a legal and compliant dissolution.
What is the difference between provincial and federal dissolution?
The process depends on where your corporation was incorporated. We assist with both Ontario and federal dissolutions.
Do I need a lawyer for corporate dissolution?
While not legally required, a lawyer ensures compliance, prevents future liabilities, and handles complex legal filings on your behalf.
What happens to my corporation’s assets after dissolution?
Remaining assets must be distributed to shareholders according to corporate bylaws and legal requirements.
Close Your Corporation with Confidence
If you’re considering dissolving your corporation, our experienced legal team will ensure a smooth, compliant, and stress-free process.