North Carolina Sample Letter for Annual Report - Dissolved Corporation
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How to fill out Sample Letter For Annual Report - Dissolved Corporation?
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FAQ
A domestic company is one that was formed in the state)and a foreign company is one that was formed in a different state but operating in North Carolina. The following companies are not required to file an annual report to the North Carolina Secretary of State: Professional Corporations. Professional LLCs.
Once an entity is administratively dissolved, it may apply to the Secretary of State for reinstatement (or requalification, in the case of foreign entities). The entities must submit an application and correct all reasons that led to the dissolution or else prove to the Secretary that the grounds do not exist.
What happens if I don't respond to the Notice? A company that fails to file an annual report will be administratively dissolved or revoked. To reinstate, an administratively dissolved company must file ALL overdue annual reports as well as an Application for Reinstatement, which carries a $100 fee.
Administrative dissolution occurs when a North Carolina business entity has failed to perform any of a number of duties described in statute. A similar process called administrative revocation is applicable to entities formed in other states or countries (foreign companies).
What happens if my company is administratively dissolved? You may lose some of the benefits of being incorporated. For example, if your company is not reinstated within 5 years, you may lose the right to use the same name. You should consult your attorney to find out how the dissolution will affect your business.
If the company was dissolved voluntarily the name is available 120 days after the effective date of dissolution. If the company was dissolved administratively, the name is available 5 years after the effective date of dissolution.
To get back into business again, you can apply for reinstatement. To revive or reinstate your North Carolina LLC, you'll need to submit the following to the North Carolina Secretary of State: a completed Application for Reinstatement Following Administrative Dissolution of Limited Liability Company (Form L-08)
If you want to close a North Carolina business, you do so by voluntarily filing Articles of Dissolution for the entity type (Business Corporation, Nonprofit Corporation, Limited Liability Company (LLC)).
