How do I reinstate a suspended company?

Reviving a Corporation Suspended for Failing to File Its Annual Statement. A corporation suspended by the Secretary of State for failing to file a Statement of Information can be revived by filing the Statement of Information and paying any penalty.

How do I reactivate my suspended company in California?

Reinstate with the California SOS: If your corporation has been suspended or forfeited by the California Secretary of State, you can request revival by filing a current Statement of Information form by mail, online or in person.

How do I reinstate my business in California?

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).

What does it mean when a company’s status is forfeited?

A suspended or forfeited corporation does not stop being an association, but it loses all the rights and privileges of a corporation and cannot legally act as a corporation while suspended.

How do I revive my business?

Here are some changes to consider when trying to revive your business.

  1. Reconsider the Past, Update, and Change Direction.
  2. Do Some Market Research.
  3. Find Your Niche.
  4. Seek Help with Affiliate Marketing.
  5. Undergo a Brand Redesign.
  6. Don’t Be Afraid to Take Some Risks.

Why would a corporation be suspended?

The reasons for this suspension can vary and might include a failure to file certain documents (e.g., a Statement of Information with the California Secretary of State—more on that below) or a failure to meet certain tax requirements, including the failure to file tax returns or important exemption papers, pay taxes.

What happens when a California corporation is suspended?

When a California corporation is suspended, the corporation has lost all of its rights and privileges and cannot legally operate. Technically, the corporation is required to close its doors, and to stop all business related activity.

Can you reinstate a Cancelled LLC?

Once terminated, you can no longer reinstate. You’ll need to start over and form a new California LLC.

How much does it cost to reinstate an LLC in California?

How Much Will It Cost To Reinstate? LLC – The reinstatement of a California LLC with the SOS comes with a $20 filing fee. If you file in person, you will have to pay an additional $15 for the handling fee. For 24-hour expedited processing, you have to pay another $350.

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