If your corporation has been dissolved, it can be reinstated under certain circumstances. Reinstatement allows a corporation to continue its business as if it had not been dissolved. In this blog post, we will discuss the process of reinstating a dissolved corporation in Ontario.

Reasons for dissolution

There are several reasons why a corporation can be dissolved, including:

• Failure to file annual returns
• Failure to maintain a registered office or records
• Non-payment of fees
• Winding up

The process of reinstatement

To reinstate a dissolved corporation, you must follow these steps:

Step 1: Determine the reason for dissolution

Before you can start the reinstatement process, you need to find out why your corporation was dissolved. This information can be found on the Ontario government’s website. Once you know the reason for dissolution, you can start working on rectifying the issue.

Step 2: Rectify the issue

Depending on the reason for dissolution, you will need to rectify the issue before you can proceed with reinstatement. For example, if the reason for dissolution was the failure to file annual returns, you will need to file the outstanding returns and pay any associated fees.

Step 3: Apply for reinstatement

Once you have rectified the issue, you can apply for reinstatement. To do this, you will need to file an application for reinstatement with the Ontario government. The application must include the following:

• The name of the corporation
• The corporation number
• The reason for dissolution
• The steps taken to rectify the issue
• The date of the application
• The signature of an authorized person

Step 4: Wait for approval

After you have filed the application, you will need to wait for approval from the Ontario government. This process can take up to six weeks. If your application is approved, your corporation will be reinstated and you can continue operating as usual.

Step 5: Update records

Once your corporation has been reinstated, you will need to update your records with the Ontario government. This includes filing any outstanding annual returns and paying any associated fees.

Conclusion

Reinstating a dissolved corporation in Ontario can be a complex process. It is important to determine the reason for dissolution and rectify the issue before applying for reinstatement. By following the steps outlined in this blog post, you can increase your chances of a successful reinstatement. Remember, if you need assistance, it is always recommended to consult with a legal professional who can guide you through the process.