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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.
What does company dissolution mean? To dissolve a company, which is also known as 'dissolution' or 'striking off', is a way of closing down a limited company by removing its name from the official register held at Companies House. Once the name is removed from the register, the company no longer legally exists.
Dissolved California entities cannot be reinstated, so in case like that you would need to file as a new entity.
Reinstating a California LLC requires filing a Statement of Information (Form LLC-12) with the California Secretary of State. Reinstatement with the Franchise Tax Board (FTB) may also be necessary by filing LLC Application for Certificate of Revivor (Form FTB-3557).
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.
In legal terms, when a company is dissolved, it ceases to exist. It cannot still be trading - although a person may trade (misleadingly) using its name.
In theory, a dissolved corporation can be sued. However, getting a lawsuit to stick is tricky. For one, each state's laws allow a specific period of time for lawsuits to be brought against a dissolved corporation typically, this is allowed for a period of up to three years.