[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Company or Organization Name] [Address] [City, State, ZIP] Subject: Certificate of Administrative Dissolution — Revocation Request Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally request a Certificate of Administrative Dissolution — Revocation for my company [Your Company Name], which was administratively dissolved by the State Corporation Commission of Fairfax, Virginia. The administrative dissolution of our company took place on [Date of Administrative Dissolution] due to a failure to file annual reports and meet other statutory obligations as stated under the Virginia Code §13.1-1240. However, I am pleased to inform you that I have rectified the issues leading to the administrative dissolution and have fulfilled all the necessary requirements to reinstate the company in good standing. The following steps have been taken: 1. Filing of Late Annual Reports and Payment of All Outstanding Fees: I have successfully filed all the late annual reports for the years [mention years] along with the payment of any outstanding fees, penalties, or interest charges associated with the delinquency. 2. Compliance with the Virginia Code §13.1-1240: To ensure our continued compliance, I have implemented internal measures to guarantee the prompt filing of all future annual reports and fulfillment of all statutory obligations as mandated by the Virginia Code. Additionally, I have attached all the relevant supporting documents, including the copies of the filed annual reports and proof of fee payment for your reference and review. I kindly request that you process the Certificate of Administrative Dissolution — Revocation with the utmost urgency, as the restoration of our company's good standing is vital to our ongoing operations and business relationships. In case there are any additional forms or documents required to complete this process, kindly inform me at your earliest convenience. I will promptly provide any requested information or complete necessary paperwork to finalize the reinstatement procedure. Thank you for your immediate attention to this matter. I look forward to receiving the Certificate of Administrative Dissolution — Revocation from Fairfax, Virginia, and restoring the active status of [Your Company Name]. Should you have any questions or concerns, please do not hesitate to contact me via [Email Address] or [Phone Number]. Your assistance in this regard is greatly appreciated. Yours sincerely, [Your Name] [Your Title] [Your Company Name] [Your Contact Information]
Fairfax Virginia Sample Letter for Certificate of Administrative Dissolution - Revocation
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How to fill out Fairfax Virginia Sample Letter For Certificate Of Administrative Dissolution - Revocation?
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FAQ
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.
Letting a company die on the vine by being administratively dissolved and then doing nothing is as irresponsible as it is ineffective, because it doesn't really die there. It just rots, festering with ongoing financial and legal concerns that become ever more expensive to address.
After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you can't liquidate assets that are used as collateral for loans.
Revocation refers to cases in which the Articles of Incorporation for a Corporation or Articles of Organization for an LLC are revoked by the Secretary of State. Another term for Revocation is Administrative Dissolution.
Reinstatement in California Dissolved California entities cannot be reinstated, so in case like that you would need to file as a new entity.
The maximum penalty is for the LLC to be administratively dissolved or terminated. This means that the LLC's right to conduct business is ended and the only action the LLC can lawfully take is to wind up its affairs, pay its remaining debts and distribute the remaining assets to the owners.
§ 607.1405(1). If a person enters into contracts or conducts other business in the name of a dissolved corporation then that person can be held personally liable for those contracts and business obligations.
Administrative Dissolution Laws or business corporation laws defined by the state determine entity dissolution. When administrative dissolution occurs, a business can still operate, have bank accounts, and accept payments. However, a creditor cannot go after any possible assets of that entity.
An inactive business is a business that still exists but has no activity, which means no business transactions during a specific year. That owner may want to keep the business in the hopes of relaunching it but doesn't want to put any time or expenses into it.
