Indiana Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation
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How to fill out Sample Letter Regarding Notification Of Official Notice Of Intent To Administratively Dissolve Or Revoke Corporation?
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FAQ
To revive or reinstate your Indiana LLC, you'll have to submit the following to the Indiana Secretary of State: an Indiana Certificate of Clearance. a completed Indiana Application for Reinstatement. a current Business Entity Report. a $30 Reinstatement Fee plus any fees for missed reports.
To dissolve an Indiana Corporation that has not yet conducted business, file Form 39035, Articles of Dissolution Prior to Issuing Shares or Commencing Business. Submit one original and one copy to the SOS by mail, express mail, or in person.
If your business has been administratively dissolved or revoked, you cannot conduct business in Indiana. Don't panic. If you intend to continue doing business, you can reinstate the business if it has not been administratively dissolved or revoked for more than five (5) years.
Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority. Reinstatement is the action taken that restores an administratively dissolved business entity's rights, powers, and authority.
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.
People who continue to operate a business that has been dissolved, are taking a serious risk. That's because once the company dissolves, the corporate protections no longer exist. That means that someone who operates the dissolved business, can be sued personally for anything the (dissolved) company does.
Completing the reinstatement process online saves both time and money: Certificate of Clearance from the Department of Revenue. Completed Application for Reinstatement. Completed Business Entity Report.
Administrative dissolution is an involuntary dissolution action taken by the Secretary of State, or whatever they call it in your state, that results in the loss of the business entity's rights to do business in that particular location.
