At times, businesses face unforeseen challenges that result in their dissolution. However, it is never too late to revive a once-thriving corporation. If you find yourself in such a predicament, we at Astre Legal are here to assist you.
​
Our services include corporate revival, whereby your dissolved corporation can be restored to its former legal status. Once completed, it will be as if your company had never ceased to exist.
With our expertise and experience, we can help you navigate the complexities of the revival process and get your business back on track. We are committed to providing you with the highest level of professionalism and support to ensure a smooth and successful revival.
Contact us today to learn more about how we can assist you in reviving your business and reclaiming your place in the market.
The business revival procedure
If you are looking to revive your dissolved corporation, it is crucial to ensure that all outstanding fees and annual returns are up-to-date. At Astre Legal, we begin the revival process by conducting a thorough assessment of your business's status to identify any such outstanding obligations.
​
After identifying any overdue fees and annual returns, we will proceed with the preparation of your company's revival. our team will meticulously file all necessary revival documents, update any outstanding obligations, pay any required fees, including revival and registration fees, and initiate the request for a return of property, if applicable.
​
Once these steps are completed, you will receive your certificate of revival, signifying the successful reinstatement of your business to its former legal status. At our business law firm, we understand the importance of timely and efficient revival, and we are committed to delivering exceptional service throughout the process.
​
Contact us today to learn more about how we can assist you in reviving your corporation and setting your business on the path to success.
-
What is a corporation?A corporation is a legal entity that can enter into contracts, incur debt, and even own property. Every corporation is comprised of shareholders, directors and officers. When forming a corporation, owners transfer money, property or assets into the corporation in exchange for shares. These owners then become shareholders of the corporation and they can buy or sell their shares without affecting the existence of the corporation.
-
What's a minute book?Each corporation is legally required to keep, maintain and regularly update their corporate minute book. This book is the legal history of the corproation starting from its incorporation. Each decision is recorded into the minute book which allows potential investors, the CRA and interested people (for example, a potential buyer) to assess the history of the corporation. If you need to create, re-create, or update your minute book visit our minute book page. In a minute book, you will generally find: Certificate of Incorporation Articles of Incorporation Resolutions Share Certificates Share Registry Shareholder's Register Director's Register Officer's Register
-
What are Shareholders, Directors, and Officers?"Enter your answer here
-
Can one person incorporate a company?Yes, one person can incorporate a company by themselves. This person will play the role of the shareholder, director and officer.
-
How long does a corporation exist?A corporation can exist forever since it is a separate legal entity. It is independent from its shareholders, directors and officers. It's existence can be ended by dissolution (voluntary or involuntary).
-
Do I need a lawyer to incorporate?The incorporation process requires many legal documents which are best prepared by a lawyer. You should always consult with one before incorporating to ensure you have the right and accurate documents.
-
What's the difference between a named and a numbered corporation?A corporation can be incorporated using a name or let the appropriate authority provide it with a number to identify the corporation. If dealing with the public, numbered corporations will also declare a business name that they will use for their business purposes.