FAQ: How To Reinstate A Dissolved Corporation In Illinois?

How do I reopen a dissolved corporation?

You will need to file a certificate of revival, which is also known as an application for reinstatement, articles of revocation of dissolution, or an application for revival with the state.

How long does it take to reinstate a corporation in Illinois?

A $200 filing fee plus all past-due annual reports and fees must be filed at the same time as your Reinstatement Following Administrative Dissolution form. A $150 filing fee must be paid along with the Articles of Organization. There’s no extra fee for regular processing, which takes one week to 10 days.

Can you reinstate a dissolved business?

As mentioned above, it is possible to restore a company if it has been dissolved and removed from the Companies House register. On the other hand, if the directors voluntarily dissolved the company and wish to continue trading, company restoration by court order is required.

How long does it take to reinstate a corporation?

How long does it take the state to process the filing? Normal processing can take the SOS at least eight weeks. Current processing times are listed on the SOS website (see link below). You can have processing completed the same day or within 24 hours if you pay the additional fee.

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How do I reactivate my company?

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).

Can you reactivate an EIN?

The IRS cannot cancel your EIN. Once an EIN has been assigned to a business entity, it becomes the permanent Federal taxpayer identification number for that entity. Regardless of whether the EIN is ever used to file Federal tax returns, the EIN is never reused or reassigned to another business entity.

Can you reinstate a dissolved LLC in Illinois?

To reinstate an involuntarily dissolved LLC in Illinois, you can apply for reinstatement. To do so, you’ll need to submit the following to the Illinois Secretary of State: a completed Application for Reinstatement Following Administrative Dissolution or Revocation (Form LLC-35.40/45.65)

What Does not in good standing mean for a corporation in Illinois?

Illinois corporation not in good standing refers to a corporation in the state of Illinois that has failed to comply with the state’s requirements for reporting and paying fees.

Can HMRC restore a dissolved company?

Many people assume that a company that has been dissolved and struck off the Companies House register is no longer liable for tax and debt demands. If there is reason to think your company’s tax affairs are not in order, HMRC can restore your company to the register in order to carry out a full investigation.

Can you register a company name that has been dissolved?

Dissolved companies are companies that have been struck off the register and are no longer in existence. This means that a dissolved company name can be registered by a new or existing company.

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What happens if my company is dissolved?

If a limited company has been struck off or dissolved, it is removed from the Register at Companies House and its cash and assets transfer to The Crown. In order get these assets back you will usually need to go through a process known as company restoration.

Should I reinstate my corporation or start a new one?

Generally, it is better to reinstate your current LLC than to start over. One of the purposes of having an LLC is the limited liability. If you start over, you lose the limited liability for the period of time from the dissolution to when you initate the new LLC

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