Filing a Notice of Ceasing to Carry on Business
The following overview provides information on how to file a Ceasing to Carry on Business to voluntarily cease a company in BC under section 397 of the Business Corporations Act. The foreign entity files with the registrar a notice of ceasing to carry on business in British Columbia in the form established by the registrar, stating that the foreign entity has ceased to carry on business in British Columbia.
Before you file the Ceasing to Carry on Business, please ensure you read the following information. For business or legal advice, you should go to a small business consultant or a lawyer. For additional support with BC Registries filings, visit bcregistry.gov.bc.ca/filing for your service options. Please note that Service BC does not provide legal or financial advice.
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Background
Important Information
Getting Started
To dissolve a company, the company must first comply with section 316 of the Business Corporations Act. Refer to this section, as well as section 344(2), of the Business Corporations Act. The company must be in good standing on the date the Application for Dissolution is filed. Good standing means the company has complied with section 51 of the Business Corporations Act. (Company must be up to date with its annual report
filings). To file any outstanding annual reports, click on the "File a BC Annual Report" link from the Main Menu of Corporate Online.
For additional support with BC Registries filings, visit bcregistry.gov.bc.ca/filing for your service options. Please note that Service BC does not provide legal or financial advice.
Once the Ceasing to Carry on Business has been filed using Corporate Online, the registrar will provide confirmation of the cancellation of the company by issuing and providing a filed copy of the cancellation to the "person submitting the application" on behalf of the company. The registrar will also publish notice of the dissolution on the Queen's Printer Web site www.qplegaleze.ca.
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Download this overview for printing - to be updated Form 42 - Notice of Ceasing to Carry on Business
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You may wish to fill in the paper form so that all your information is in order before you complete the form electronically. |
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To view the downloads, you require Adobe Acrobat Reader
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There are no statutory filing fees associated with this filing for extraprovincial companies with a home jurisdiction of Alberta, Saskatchewan or Manitoba.
The Alberta, Saskatchewan and Manitoba fees were eliminated by the New West Partnership Trade Agreement. All other extraprovincial companies must pay the filing fee.
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The person who submits the Notice of Ceasing to Carry on Business must check the box next to the confirmation that the company has ceased to carry on business in British Columbia.
Cameron/Kat – are there any legal obligations under the Act that should be included?
An email address of the submitting party must be entered. A copy of the cancellation notification will be emailed to this address.
Pay and File
If this company’s home jurisdiction is part of the New West Partnership Trade Agreement then the fee for this filing has been waived.
Please view the complete draft of your filing by clicking "View Draft Filing" before you pay to ensure all of the information on the form is complete and correct. You require Adobe Acrobat Reader. It is advisable to print your receipt at this time.
See the fee schedule to review the fee for this filing.
Your Receipt
When you are presented with the receipt, you will be able to view a print-friendly version of the your filed document and the receipt. You require Adobe Acrobat Reader.
Select "Ceasing to Carry on Business" from the Services Menu. To access the Services Menu, click "Other filings, services and paper forms" from the Main Menu.
Before you begin, ensure you have the following information on hand:
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The company's registration number or business number.
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Your company’s access code or company password. |
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The email address of the submitting party. |
While you are completing the form, you an view a draft of all the information you have entered by clicking "View Draft Filing" from the left sidebar. To view the document, you require Adobe Acrobat Reader.
THIS INFORMATION IS INTENDED AS A GUIDE ONLY AND SHOULD BE READ IN CONJUNCTION WITH THE BUSINESS CORPORATIONS ACT AND THE REGULATION UNDER THE BUSINESS CORPORATIONS ACT
