Corporate Restorations

Failing To File Annual Reports Is The Most Common Reason For A Dissolution

It is not the end of the matter once you complete the Incorporation. Now you have to maintain the company. There are 2 ways a company can be dissolved - voluntarily by filing a dissolution request or for failing to file annual reports for 2 years.

We Can Assist With Restoration Of A Company That Was Dissolved

There are 3 options:

  • Limited Restoration (up to a period of two years) are used for limited purpose to complete legal transactions such as outstanding taxation issues, removing or transferring assets or insurance on vehicles left in the company name. At the end of the limited restoration period, the company is automatically dissolved;
  • Ministerial Order may be used if a dissolved company holds an asset, such as a vehicle, and only needs to transfer it out; and
  • Full Restoration is used if the company intends to continue doing business; the most common situation is when a company has been doing business without realizing that it has been dissolved for failure to file. With this option, the company is fully restored, and continues carrying on business as though it was never dissolved.

If a dissolved company still has assets, you must apply for restoration by the court where an asset has escheated to the Crown by virtue of the dissolution legislation.

If you require assistance with restoration, contact Granville Law Group. We can quickly prepare the necessary documentation and make filings with the Registrar.

After your company is restored, make us your Registered and Records office. We provide this corporate services as set out in Incorporations. This will ensure your company is never dissolved for failure to file its annual reports.

Contact Our Legal Team for a Quotation

Call our team at 604-757-9385 for a fee quotation to restore your company or schedule a meeting using our online form.