Company Reinstatement
Company Reinstatement
Many of the forms and processes that we help with are business filings that are required by the states in order for your business to remain legitimate. When deadlines are missed or documents are prepared incorrectly, it could result in penalties…maybe even involuntary dissolution of your company. However it happens, it doesn’t need to be the end of your business. By acting quickly, we can file a Reinstatement document with the state to restore your business to an active status and repair any potential holes in your corporate veil.
Act quickly! If your company has been dissolved for any reason, you may be vulnerable to the very things that you created your Corporation or LLC to protect you from. Contact our business filing experts and put this problem behind you today!
We are experts at getting your company reinstated and we make it our mission to handle all of the difficult steps required by the Secretary of State to complete the business filing so you don't have to. Give us a call and we can get the process started in as little as ten minutes. We will keep you informed, step by step, throughout the process so you will never have to wonder about the status of your reinstatement. When we have your business reinstated, we will forward all of the documents to you for your files. What could be easier?
We make all of your business filings simple and easy! Truly as easy as 1, 2, 3! All of the confusing processes that happen in-between these three steps are handled by us. That’s the real magic of what we do!Here’s how it works:
We will ask you simple questions related to your business to ensure a smooth business filing. This often takes as little as 10 minutes and will keep you from guessing whether you’ve done everything that’s needed.
Once we have Step 1 completed, we will create the documents that the state needs for the reinstatement. We give them a quality check to make certain your answers are accurately reflected and the actual filing with the state takes place.
Once we receive your business filing documents back from the state, we will forward them to you along with any other related papers or directions.
Q: What is a Reinstatement?
A: A Reinstatement is a process, by which, your entity can be returned to good standing with the state in instances where the entity has fallen out of good standing or even been dissolved. For more information on Dissolutions, read “What is a Dissolution” below.
Q: What is a Dissolution?
A: Dissolutions are formal processes that end a businesses activities and “close the doors” of the business. This can be a voluntary step taken when the owner of a business decides that he or she no longer intends to conduct business or may be involuntary. In an involuntary case, the state dissolves the business due to failing to meet the states requirements of the business.
Q. What are some of the reasons why a business might dissolve?
A. Voluntary dissolution of a business might occur for a variety of reasons with the most common being management deadlock or unprofitability. A company’s state of formation can enact involuntary Dissolution on a company if that company has failed to file annual reports with the state, pay annual fees and/or taxes, or is encountering bankruptcy.
Q. Is the dissolution process different for a limited liability company (LLC) than for a corporation?
A. The existence of LLCs is less stable than that of corporations in the sense that an outside occurrence, such as a death of an owner, can end the company’s existence (depending on the operating agreement). Otherwise, the dissolution process is the same for both entities.
Q. What is reinstatement?
A. Reinstatement is the process of returning an inactive or non-compliant company to good standing within a state.
Q. When is reinstatement required?
A. A company may be required to undertake the reinstatement process when it has fallen out of good standing with its state of formation or state of qualification or is dissolved by the state due to failure to comply with the state’s rules and regulations. If a company is in bad standing with the state and wishes to dissolve, most states require a reinstatement to be filed prior to allowing the dissolution to be filed. Additionally, some states allow a reinstatement to be filed if the company has dissolved but would like to reverse the dissolution to begin transacting business under the same company.
Q. What risks are associated with being in "bad standing"?
A. Companies that are in bad standing long enough risk administrative dissolution or revocation by the state. When a state administratively dissolves a corporation or limited liability company (LLC) or the corporate or LLC status has been revoked, the benefits of being a corporation or LLC, such as the limited liability protection provided to the owners, are lost.
Q. What does the reinstatement process entail?
A. We help you through the reinstatement process by determining outstanding or overdue fees your company owes to the state; identifying steps your business must take to become compliant with the state; obtaining the forms you must complete; auditing your reinstatement forms for common errors prior to submission; submitting your completed reinstatement forms to the appropriate state agency or agencies; and notifying you when the reinstatement is complete.
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