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To keep your business active, you will need to file annual reports along with your annual tax return. In addition, you will have to pay certain fees. If you don't, the state may deem your business as inactive. An inactive business still exists in the eyes of the law.
Reinstating a business requires filing with the Secretary of State, and often with the Department of Revenue or Taxation. Researching your business' unique requirements, and preparing all of the filings takes hours of your executives' time.
To revive or reinstate your Kentucky LLC, you'll have to submit a reinstatement package to the Kentucky Secretary of State. The reinstatement package must include: a completed Application for Reinstatement. a Reinstatement Annual Report.
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.
The filing fee for Articles of Dissolution is $40.00. Your check should be made payable to the "Kentucky State Treasurer."