Dissolving a business is a significant decision that requires careful planning, legal compliance, and financial management to ensure a smooth closure while minimizing liabilities. At Lepore & Company, we assist business owners with the legal, financial, and tax aspects of dissolution, ensuring a structured and compliant exit strategy.
Whether you’re closing due to retirement, restructuring, or market conditions, we guide you through every step—ensuring that all legal and financial obligations are met while protecting your interests.
Our Business Dissolution Services
1. Evaluating Business Dissolution Options
Every business is unique, and the dissolution process depends on your structure. We help determine:
- The most efficient way to close the business (voluntary or involuntary dissolution).
- The tax implications and financial impact of dissolution.
- Alternatives such as selling assets, mergers, or restructuring before closure.
We ensure you make an informed decision that best suits your financial and business goals.
2. Legal & Regulatory Filings
To officially dissolve a business, various legal and governmental filings must be completed. We assist with:
- 📌 Filing Articles of Dissolution with federal or provincial authorities.
- 📌 Canceling business registrations, permits, and licenses.
- 📌 Notifying government agencies, including the CRA and other tax authorities.
We ensure that your business is legally dissolved without unnecessary penalties or complications.
3. Settling Financial Obligations & Liabilities
Before dissolution, all outstanding financial matters must be resolved. Our services include:
- Settling business debts, loans, and outstanding liabilities.
- Distributing remaining assets among shareholders and stakeholders.
- Closing corporate bank accounts and terminating vendor contracts.
We help you properly wind down financial obligations while protecting your assets.
4. Tax Compliance & Final Filings
Dissolving a business involves final tax responsibilities. We ensure:
- 📌 Filing final corporate income tax returns (T2) and clearing any tax obligations.
- 📌 Filing final GST/HST and payroll tax returns.
- 📌 Ensuring all tax clearance certificates are obtained from the CRA.
With our expertise, you can avoid unexpected tax liabilities and ensure a clean financial exit.
5. Employee & Stakeholder Communication
Dissolution affects employees, customers, and business partners. We assist with:
- Providing proper employee termination notices and final payroll processing.
- Communicating dissolution plans to suppliers, customers, and stakeholders.
- Handling legal obligations related to contracts, leases, and agreements.
We ensure that all parties involved are informed and the transition is handled professionally.
6. Post-Dissolution Advisory & Personal Financial Planning
After closing your business, it’s important to plan for the future. We provide:
- 📌 Personal tax planning for business owners post-dissolution.
- 📌 Investment and retirement planning based on liquidation proceeds.
- 📌 Advisory on starting a new business or reinvesting capital.
We help you transition smoothly and plan for your next financial steps.
Why Choose Lepore & Company for Business Dissolution?
- ✅ Legal & Tax Compliance – Ensuring all filings and obligations are met correctly.
- ✅ Debt & Liability Management – Helping you close financial obligations with minimal risk.
- ✅ Strategic Tax Planning – Reducing tax burdens and maximizing asset distribution.
- ✅ Efficient Closure Process – Streamlining dissolution with minimal hassle.
- ✅ Post-Dissolution Advisory – Helping you plan for your next steps beyond business closure.
Close Your Business the Right Way!
At Lepore & Company, we ensure that your business dissolution is handled efficiently, legally, and with minimal financial impact. Whether you are voluntarily closing or facing an involuntary dissolution, we provide expert guidance every step of the way.
Contact us today for professional business dissolution support!