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A corporation or LLC usually loses its good standing status due to various compliance issues such as a lapse in annual report filing or non-payment of franchise taxes. These issues sometimes remain undetected until the worst possible time?like at the closing table for an expansion or financing deal.
To reinstate a corporation, you must file BCA 12.45, Application for Reinstatement, in duplicate with the Secretary of State's office. You also must file Annual Reports for the years that were not filed. For more information, please call 217-785-5782.
Reinstatement Filing - Not For Profit Business Services Domestic and Foreign Corporations may file for reinstatement electronically. The Corporation may choose expedited or routine service. All annual reports (maximum of six years) and all fees due must be included when filing for reinstatement.
How long does it take the state to process the Illinois Application for Reinstatement? The Department of Business Services will respond to your reinstatement application within 10 business days (24 hours expedited).
Illinois LLCs have to file 2 copies of the completed Articles of Amendment form with the Secretary of State. You can do this by mail or in person. If the amendment that your company plans to do is a name change, you can opt to file online. The amendment comes with a $50 filing fee.
What is Amended and Restated? ?Amended? means that the document has ?changed?? that someone has revised the document. ?Restated? means ?presented in its entirety?, ? as a single, complete document. ingly, ?amended and restated? means a complete document into which one or more changes have been incorporated.
Illinois corporation not in good standing refers to a corporation in the state of Illinois that has failed to comply with the state's requirements for reporting and paying fees.
To purchase a copy of a corporation's Articles of Incorporation, please visit the Illinois Secretary of State Department of Business Services website - - and scroll to the section titled Obtain a Corporation Annual Report or Articles of Incorporation.