Question: How do I reinstate my business license?

How do I reinstate my business?

Revival procedures

  1. Fill in the revival and other forms. Articles of revival (PDF, 1.9 MB) …
  2. Get an Alberta NUANS report (if applicable) …
  3. Drop off the forms. …
  4. Apply for and name search and reservation in: …
  5. Apply for reinstatement or restoral in: …
  6. Gather information. …
  7. Fill out the forms. …
  8. Get an Alberta NUANS report (if applicable)

How much does it cost to reinstate a business?

Generally speaking, reinstatement can cost anywhere from $30 to $300, depending on your state.

What does it mean to reinstate a business?

Reinstatement is the process of returning an inactive or non-compliant company to good standing within a state. C corporations, S corporations and limited liability companies (LLCs) face ongoing state formalities, such as annual reports or statements and their associated filing fees, franchise and/or other state taxes.

How do you reinstate a company that has been dissolved?

If your corporation was involuntarily dissolved because of an administrative oversight, your state’s laws may allow you to “cure” the deficiency within a specified time period by filing certain documents with the secretary of state’s office and paying fees to reactivate the company.

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How long does it take to reinstate a company?

There is also a prescribed fee that must be paid when lodging the application for reinstatement. The application is then reviewed by ASIC which will take between 14 and 28 days to process. ASIC will reinstate the registration of a company if it is satisfied that it should not have been deregistered.

Can you reinstate an LLC?

After fixing the cause of noncompliance, the next step is for the entity to file a reinstatement ( sometimes called a revival) with the Secretary of State and pay any state fees. Reinstating a business requires filing with the Secretary of State, and often with the Department of Revenue or Taxation.

Should I reinstate business or start a new one?

Generally, it is better to reinstate your current LLC than to start over. One of the purposes of having an LLC is the limited liability. If you start over, you lose the limited liability for the period of time from the dissolution to when you initate the new LLC…

How do I reactivate an inactive company?

Contact your Secretary of State’s office or other state agency responsible for registering corporations to determine whether and how you can reinstate a dissolved corporation. A small business attorney licensed in your state can also be a valuable resource and may handle the reinstatement process for your company.

How do I activate an inactive company?

What are the Procedural Formalities to get the Status of a Dormant Company?

  1. Board Meeting. Fixing and convening a Board Meeting for approval from Board and also approving a notice for General Meeting.
  2. General Meeting. …
  3. Filing Form MSC-1. …
  4. Issue Certificate. …
  5. Maintain Register of Dormant Companies.
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Who can reinstate a company?

There are a number of reasons why a company may be reinstated to the register. Parties who may be keen to restore a previously dissolved company to the register include: Former directors or members of the company who may wish to reinstate the company’s trading potential.

What does it mean to reinstate an entity?

Reinstatement means to bring a business (LLC or corporation) back into good standing with the state where the business was formed or registered to do business. If a business entity fallen behind on franchise taxes and annual reports, it may be administratively dissolved or suspended by the state.

Why is my business not in good standing?

Loss of Good Standing

A business entity can lose its good standing for several reasons, including: Failure to pay a registration renewal fee. … Failure to pay various types of state business taxes or fees. Mistakes made in a filed form, such as not signing the form or not fully completing it.

Can I reopen a closed business?

You might decide to reopen a business after dissolution based on opportunities and the experiences you had when the business was open. … Reopening the business may require reestablishing the existing information or reforming a new entity under the old name.

Can you reverse a company dissolution?

Administrative restoration is a procedure for restoring your company if the business was forcibly dissolved e.g. struck off for not filing accounts on time. It’s possible to apply for administrative restoration by contacting Companies House and completing the administrative restoration form.

Can a company still operate if dissolved?

When administrative dissolution occurs, a business can still operate, have bank accounts, and accept payments. However, a creditor cannot go after any possible assets of that entity. … Businesses can continue to operate for years without applying for reinstatement.

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