How To: Close a Canadian-Controlled Private Corporation (CCPC) | Part 2 - Board and Shareholder Resolutions
In this second part of our series on dissolving a Canadian-controlled private corporation (CCPC), we'll walk you through the key steps, from obtaining a resolution from the board of directors to securing shareholder approval. Learn what a resolution authorizing the dissolution is, what needs to be included in this document, and how to successfully obtain the necessary approvals.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC). Over the next few weeks, we'll dive deeper into each topic, offering detailed guidance and expert insights to help you successfully navigate the dissolution process. Don't miss these essential tutorials!
🔑 In this video, we’ll cover:
What is a resolution authorizing the dissolution?
Key elements to include in the dissolution resolution.
How to obtain shareholder approval for dissolving the corporation.
Required documents and voting procedures under the Canada Business Corporations Act (CBCA) or provincial legislation.
Best practices to ensure compliance with legal regulations.
Whether you're navigating federal or provincial laws, understanding the legal and procedural steps can simplify the dissolution process.
Disclaimer:
The information provided in this video is for general educational purposes only and is not intended to be legal, tax, or professional advice. Closing a Canadian Controlled Private Corporation (CCPC) involves legal and financial considerations unique to each business, and you should consult with a qualified legal, tax, or financial advisor for specific advice tailored to your situation. Relying solely on this information may not address all relevant factors or requirements for your particular circumstances.
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