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Administrative restoration is a procedure for restoring your company if the business was forcibly dissolved e.g. struck off for not filing accounts on time. It's possible to apply for administrative restoration by contacting Companies House and completing the administrative restoration form.
When a corporation is dissolved, it no longer legally exists and, in most cases, its debts disappear as well. State laws usually give additional time beyond the dissolution for creditors to file suits for failure to pay any corporate debts or for the wrongful distribution of corporate assets.
When a corporation is dissolved, it no longer legally exists and, in most cases, its debts disappear as well. State laws usually give additional time beyond the dissolution for creditors to file suits for failure to pay any corporate debts or for the wrongful distribution of corporate assets.
To reinstate your corporation in Illinois, you submit in duplicate the completed BCA 12.45/13.6, Application for Reinstatement Domestic/Foreign Corporations form with the filing fee by mail or in person to the Illinois Secretary of State.
Once a company has been dissolved, whether that was on a voluntary or involuntary basis, the business is considered no longer active. However, filing for a reinstatement helps restore the company back to active status with the state.
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.
What is Dissolution? Dissolution is when a legal entity informs the State of Incorporation that it no longer wishes to be a legal entity and is winding up all business affairs within that State. This is also known as a Cancellation to other business entities such as Partnerships.
Reinstatement in California Dissolved California entities cannot be reinstated, so in case like that you would need to file as a new entity.
Reinstatement in California In California you can reinstate your company any time after suspension or forfeiture. Dissolved California entities cannot be reinstated, so in case like that you would need to file as a new entity.
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.