There’s more to cancel a business than just letting your customers
and clients know when your closing date is and liquidating your
remaining stock.
When you’re cancel a business, you also need to cancel your
business name or dissolve your corporation and close the
relevant Canada Revenue Agency and provincial tax accounts.
Otherwise, with no evidence to the contrary, your business officially
continues, and you end up having to continue to file various tax returns.
The good news. Closing a business isn’t difficult. It’s just a matter
of filling out and filing the right forms and being sure you file all the
forms you need.
First, a checklist for you.
What do you need to do when you’re cancel a business.
Cancel your
business registration for your sole proprietorship or partnership OR
Voluntarily dissolve your corporation.
File a last tax return if you have
dissolved a corporation,
cancelyour payroll accounts with the
Canada Revenue Agency. Close your gst accounts with
the cra. Close your rst accounts with the appropriate provincial agency.
Contracting with the U.S. Government is based on many of the same
principles as commercial contracting and can be very profitable,
but is sufficiently different from commercial contracting to require
special care. Persons entering into commercial contracts are pretty
much free to do anything that they can agree on.
Each represents their own interests and can obligate themselves in
any way they believe will benefit them. If one or both persons
are represented by agents, usually employees, commercial contracting
law allows the agent to form contracts based on generally accepted
notions of commercial reasonableness.
In essence, the law allows each side to rely on the other's authority
to make a binding contract. Of course there are many nuances and
cases covering this, but generally speaking the law favors the creation
of commercial contracts in order to facilitate business.
The U.S. Government can be thought of as an agent for the
American people. It acts only through the powers given to it by the
people of the United States. The powers given to the Government
are set forth in the Constitution. The government exercises its
powers through legislation and regulations issued as prescribed in
legislation. Thus, the authority of a Contracting Officer to contract
on behalf of the Government is set forth in public documents that
a person dealing with the Contracting Officer can review.
As a result, unlike in the commercial arena, where the parties have
great freedom, a contract with the U.S. Government must comply
with the laws and regulations that permit it, and be made by a
contracting officer with actual authority to make the contract.
The contracting officer has no authority to deviate from the laws
and regulations, and the contracting party is held to know the
limitations of the contracting officer's authority, even if the
contracting officer does not. This makes contracting with the
United States a very structured and restricted process.
goodbye letter for co workers
