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Reinstate California Corporation

Date: 06/25/2019 | Category: | Author: Martin Pouzar

REINSTATE A CALIFORNIA CORPORATION COMPLETE GUIDE

When you reinstate California corporation, it means that you are reviving your company or bringing your business back into the “good standing” list of the state. Reinstatement is a process and more often than not, it is required when businesses fail to file or submit their annual report or Statements of Information along with the applicable fee or fail to file certain state fee or even franchise tax.

Why do I reinstate my company?

The essence of California reinstatement lies in the fact that if your business license gets revoked or if the Secretary of State – Business Programs Division finds a business to be in default; your business will not only lose its good standing but also forfeit its corporate powers and privileges in the state.

In order to reinstate California Corporation, you will have to identify the situation in which you need to reinstate.

  • Civil Penalties: A business corporation according to CA Corp Code § 2207 (2016) can be liable to pay civil penalties not exceeding $1,000,000 (one million dollars) due to several reasons including if a corporation shows that its shares of stock are materially greater or materially less than the apparent market value. In such a case, the business will be fined but you will not require California reinstatement.
  • Suspended or Forfeited: A domestic entity can be suspended and a foreign corporation can be forfeited by the Secretary of State and/or the Franchise Tax Board if the business was unable to file franchise tax or submit the required Statement of Information report annually pursuant to CA Corp Code § 2206 (2016) and CA Corp Code § 2205 (2016). If your business entity has been suspended or forfeited then you will need to reinstate California Corporation.

How to reinstate my Nevada Corporation?

Is there a process for reinstating a California Corporation? The procedure for reinstatement is based on the following:

  • California SOS Reinstatement: If your business corporation has been forfeited or suspended due to non-filing of the Statement of Information then you can request a California secretary of state reinstatement by filing current Statement of Information form SI-550 along with Agent for Service of Process and outstanding fee. The form can be submitted through mail, e-filing, and in person.
  • California FTB Reinstatement: If your business corporation has been forfeited or suspended due to non-filing of franchise tax then you will be required to file FTB 3557 BC Application for Certificate of Revivor – Corporation with the Franchise Tax Board (FTB). You need to ensure payment of franchise tax, penalties, and interest along with the application.

Note: If your business corporation has been forfeited or suspended by both SOS and FTB then you will be required to file both Statement of Information and Application for Certificate of Revivor with either department.

Whether it is a Reinstatement with FTB or SOS, IncParadise can assist with the filing process

Can I change my Registered Agent at the time of reinstatement?

Yes, you can change your registered agent at the time of California reinstatement pursuant to California Code, Corporations Code – CORP § 17701.13 and 2007 California Corporations Code Chapter 17-Service Of Process (corp: 1700-1702).

IncParadise is one of the reputable and top registered agents in the state of California and we can help you reinstate California Corporation with ease. You can check our services here.

Tax Clearance or Tax Good Standing before reinstating

Several states require a tax clearance or tax good standing certificate while filing for company reinstatement. If you are planning to reinstate California Corporation, you will be required to file a “Tax Status Compliance Certificate”, which is also known as an “Entity Status Letter”. This letter is issued by the California Franchise Tax Board (FTB) to corporations that have met all their tax obligations in the state.

The California Tax Status Compliance Certificate will be issued by FTB to a company if they meet the following requirements:

  • A Domestic or Foreign business entity must be registered as a legal entity with the Secretary of State – California
  • The California Corporation in question should have paid all types of California state taxes as well as any outstanding fee or penalty.
  • The California Corporation should not be in a default or suspended list of businesses

Once you apply for a California Tax Status Compliance Certificate, the processing time can vary from a few weeks to almost a month. We at IncParadise can help in speeding up the process by communicating directly with the California Franchise Tax Board (FTB) on your behalf.

How IncParadise help you?

A business in default or forfeited by the Secretary of State or Franchise Tax Board will lose its rights to operate in California or will be unable to defend against a lawsuit. This is where IncParadise can help you to reinstate California Corporation and regain your “active status”.

IncParadise will provide assistance towards California reinstatement in the following ways:

  • Pending Franchise Tax: Experts at IncParadise will identify any pending California franchise tax and also provide guidance towards filing of taxes.
  • Reinstatement Forms: Different types of business entities require different California secretary of state reinstatement forms. We will ensure you get the right form and if at all you require help filling the form, we can provide guidance on the same.
  • Examine and Submit: We will ensure that the Reinstatement Form filled by you is examined to the last detail and make it ready for submission. We will also submit the form with the California Secretary of State – Business Programs Division.
  • Reinstatement: We will notify you or provide you with a file stamped copy of the Certificate of Revival (Reinstatement).

Reinstate California Corporation at $89.00

+ State fees/Annual Fees!

Reinstate California LLC

Date: | Category: | Author: Martin Pouzar

REINSTATE A CALIFORNIA LLC COMPLETE GUIDE

What is reinstatement and how does the process work in the state of California? Most often than not, you will need to reinstate California LLC if the limited liability company has been administratively dissolved or a business entity license have been revoked. The procedure for reinstatement will vary from one state to another.

Why do I reinstate my company?

The importance of California reinstatement lies in the fact that the Secretary of State – Business Programs Division can find your business to be in default due to several reasons like non-submission of Statement of Information within the due date. Once a business entity goes into default, its license can be revoked and that is definitely not good for business growth.

  • Suspension: A domestic business entity in the state of California can face suspension if it fails to file a statement of information pursuant to Title 2.6 California Revised Uniform Limited Liability Company Act, section 17713.10 and Revenue and Taxation Code Sections 23301 and 23301.5. On the other hand, a foreign LLC will face forfeiture.

Due to the suspension, a domestic or foreign limited liability company will lose its powers, rights, and privileges and will not be able to defend itself if it is sued. Hence, it is important to apply for California secretary of state reinstatement as soon as possible so that your business is back in “good standing” with the state and you can start conducting your business with immediate effect.

How to reinstate my California LLC?

Is there a process by which you can reinstate California LLC? The procedure for reinstatement is as follows:

  • California SOS Reinstatement: If your limited liability company has been suspended due to non-filing of the Statement of Information then you can request a California secretary of state reinstatement by filing current Statement of Information form LLC-12 along with the outstanding fee and the Agent for Service of Process information. This form can be submitted through mail, e-filing, and in person.
  • California FTB Reinstatement: If a domestic or foreign limited liability company has been forfeited or suspended due to non-filing of franchise tax then you will be required to file FTB 3557 LLC Application for Certificate of Revivor – LLC with the Franchise Tax Board (FTB). Payment of pending franchise tax, penalties, and due interest should be made along with the application.

Note: If your limited liability company has been suspended or forfeited by both FTB and SOS then you will be required to file both Statement of Information and Application for Certificate of Revivor with either department.

IncParadise makes LLC Reinstatement with FTB or SOS in California easy for you!

Can I change my Registered Agent at the time of reinstatement?

Yes, you can change your registered agent at the time of California reinstatement pursuant to California Financial Code section 14101.6 and California LLCs Code section 202, 1502, 2105, or 2117.

IncParadise is one of the reputable and top registered agents in the state of California and we can help you reinstate California LLC with ease. You can check our services here.

Tax Clearance or Tax Good Standing before reinstating

It is important to know that several states in the USA require a business entity to acquire a Tax Clearance or Tax Good Standing certificate prior to reinstatement. The question is – do you require such a certificate to reinstate California LLC? Here’s what you should know:

  • If a domestic or foreign business entity has been suspended by California secretary of state due to failure to file statement of information then you need to ensure that form AB 2341 has been filed as it allows LLC’s to avoid the minimum annual tax or franchise tax for the current taxable year.
  • If your domestic or foreign business entity has been suspended by California Franchise Tax Board due to failure to file final annual or franchise tax return for the preceding taxable year then you will have to obtain a California Tax Clearance Certificate prior to California reinstatement.

Once you apply for a California Tax Clearance Certificate, the processing time can vary from a few weeks to almost a month. We at IncParadise can help in speeding up the process by communicating directly with the California Franchise Tax Board (FTB) on your behalf.

How IncParadise helps you?

A business that has been suspended or forfeited by the Secretary of State or the Franchise Tax Board will lose its rights to not only operate in the state of California but also will not be able to file any lawsuit or defend against a lawsuit. This is where IncParadise can help you to reinstate California LLC and regain your “good standing status”.

IncParadise will provide assistance towards California reinstatement in the following ways:

  • Pending Franchise Tax: Experts at IncParadise will identify any pending California franchise tax and ensure you are filling and filing the correct franchise tax form
  • Reinstatement Forms: Different types of business entities require different California secretary of state reinstatement forms. We will ensure you fill the correct “Application for Certificate of Revivor” and we can provide guidance on the same.
  • Examine and Submit: We will ensure that the Reinstatement Form or Certificate of Revivor filled by you contains correct information and is ready for submission. We will also submit the form with the California Secretary of State or the Franchise Tax Board.
  • Reinstatement: We will notify you or provide you with a file stamped copy of the Certificate of Revivor (Reinstatement).

REINSTATE CALIFORNIA LLC AT $89.00

+State fees/Annual Fees

Reinstate Nevada Corporation

Date: 06/18/2019 | Category: | Author: Martin Pouzar

REINSTATE A NEVADA CORPORATION COMPLETE GUIDE

What is reinstatement and when do you need to reinstate a Nevada Corporation? If a Nevada Corporation has been deemed inactive or does not have a good standing then reinstatement is the process by which different types of business entities including a C Corporation can regain their active status or good standing in the state. This inactive status can be caused by many factors including failure to file an Annual List or the filing fee for the same, franchise tax or any other state taxes.

How do I reinstate my company?

Managing a business is never the easiest thing and even the smallest mistake like missing a deadline or failing to deliver an important business document like the annual list in the state of Nevada can prove to be costly. Failure to file relevant documents with the Secretary of State can lead to businesses being put in the “revoked status” list. Being in this list can have an adverse effect on the performance of the business and also on the clients the business caters to.

Is there a way out? Yes, you can reinstate a Nevada Corporation but prior to that you need to understand what are different business statuses in the state and so you will have to identify which status your business requires you to reinstate under.

The Default Status

A Nevada Corporation can be termed as having default status if it has failed to submit its annual list or annual report or has been unable to pay state fees by the due date. According to NRS 78.170, if any corporation in the state of Nevada that is required to file as well as pay the fee pursuant to NRS 78.150 to 78.185, inclusive, neglects or refuses to do so within the due date, it shall be deemed to be in default. As a result, a corporation will lose the corporate protection it enjoys in Nevada and such a corporation will be required to pay the fee and penalty to get “active status”.

The Revoked Status

If your Nevada corporation fails to file their annual report along with the fee for a period of one year as prescribed by NRS 78.150 then the business license or “good standing” status will be revoked. If a corporation fails to comply with requirements prescribed in NRS 78.152 – subsection 3, the Secretary of State can take any action deemed necessary and this includes the suspension or revocation of the corporate charter. In such a scenario, your Nevada Corporation will not be able to conduct business in the state and this may severely hamper overall growth of the business. Hence, it is important to apply for Nevada secretary of state reinstatement as soon as possible so that your business is back in “good standing” with the state and you can start conducting transactions with immediate effect.

How to reinstate my Nevada Corporation?

Is there a process by which you can reinstate a Nevada Corporation? It is important to know that a domestic corporation in the state can be reinstated only if specific documents pursuant to NRS 78.180 are submitted to the secretary of state. In order to reinstate, you will be required to submit the following documents:

  • A list required by NRS 78.150 containing: The name of the business corporation, The file number of the business corporation, if known, The names and titles of the president, secretary and treasurer, and the directors. The address, either business or residence, of each officer and director listed and the signature of an officer of the corporation, or a person specifically authorized by the corporation to sign on the list certifying that it is complete and accurate.
  • Completed and signed Declaration Page if claiming a Business License Exemption
  • Certificate of Reinstatement
  • A Registered Agent Acceptance signed by the agent of record for the business corporation pursuant to NRS 77.310. However, if the corporation is changing their agent then a Statement of Change of Registered Agent needs to be completed, signed and accompanied by a $60 filing fee
  • Customer Order Instructions
  • A completed and signed Annual List for the corporation requiring Nevada secretary of state reinstatement
    If required, you may also need to submit a filled Application of Reinstatement form
  • All or any filing fees and penalties due

The filings can be submitted to the office of the Secretary of State by mail, through fax, and in person along with the applicable fee and penalty. It has to be mailed to the Secretary of State, Status Division, 202 North Carson Street, Carson City NV 89701-4201. Fax: 775-684-7123

You may file for the “Certificate of Revival” after a period of 5 years PURSUANT TO NRS 78.730 and 81.010. In order to revive your corporation in the state of Nevada, you will be required to submit enclosures including Certificate of Revival, annual list (officers/directors) (managers/members) (general partners) (trustees) (managing partners), Registered Agent Acceptance, Change of Registered Agent by Represented Entity, Customer Order Instructions and ePayment Checklist. The fee for revival is based on the total number of authorized shares and the par value of the corporation at the time of the revocation.

IncParadise can file reinstate for you

Can I change my Registered Agent at the time of reinstatement?

Yes, you can change your registered agent at the time of Nevada reinstatement pursuant to NRS 77.340. You will have to file the “Statement of Change of Registered Agent by Entity” as a separate form or as a part of the “Certificate of Reinstatement” form.

IncParadise is one of the reputable and top registered agents in the state of Nevada and we can help you reinstate your Nevada Corporation with ease.

Tax Clearance or Tax Good Standing before reinstating

There are several states in the USA that requires businesses to obtain a “Tax Good Standing” or “Tax Clearance” certificate prior to filing for a Nevada reinstatement. In the state of Nevada, it is known as a Tax Status Compliance Certificate or simply a Tax Compliance Certificate. This certificate is issued by the Nevada Department of Taxation to a Corporation, LLC or a Sole Proprietorship that meets its Nevada tax obligations.

You are probably wondering what a Tax Compliance Certificate really is. It is a written evidence of the fact that your business entity has cleared any or all taxes overdue by filing for the same with the Department of Taxation or Department of Revenue. It is also known by many names such as Nevada Certificate of Good Standing, Nevada Tax Status Letter, or Nevada Tax Clearance Certificate.

You have to get this certificate before filing to reinstate Nevada Corporation and you will require the following:

  • A Domestic or Foreign business entity must be registered as a legal entity with the Secretary of State – Nevada
  • The Nevada Corporation in question should have paid all types of Nevada state taxes as well as any outstanding fee or penalty.
  • The Nevada Corporation should not be in default or on the suspended list of businesses

Once you apply for a Nevada Tax Clearance Certificate, the process can take from weeks to months but we at IncParadise can help in speeding up the process by contacting the Nevada Department of Taxation on your behalf.

How IncParadise can help you?

Nothing hurts a business more than loss of revenue and diminished growth, and this can almost become a reality for business entities when the secretary of the state revokes their license to operate in a state. The question is whether it is possible to bring back an entity in default or one that has being revoked into good standing.

Yes, it is possible through the Nevada secretary of state reinstatement and this is where IncParadise can be an asset to your business entity!

If your business entity has been listed in “not good standing” in the state and if you are looking for someone to help you reinstate your Nevada Corporation then we at IncParadise can assist you with getting your company into the “good standing” list.

IncParadise will provide assistance towards Nevada reinstatement in the following ways:

  • Pending Fee/Tax: Our team of professionals will identify any pending Nevada fee or tax. This is one of the primary reasons why business entities go into default or their licenses are revoked. We will not only identify pending fee or tax but also provide guidance regarding filing of pending fee and taxes.
  • Reinstatement Forms: Different types of business entities require different Nevada secretary of state reinstatement forms. We will ensure you get the right form and if at all you require help filling the form, we can provide guidance on the same.
  • Examine and Submit: We will examine the filled Reinstatement Form and check information provided in the form so that they are ready for submission. We will also submit the form with the Nevada Secretary of State – Status Division.
  • Reinstatement: We will notify you or provide you with a file stamped copy of the Certificate of Reinstatement.

OUR CHARGES ARE JUST $89.00

+State fees/Annual Fees for Reinstatement

Reinstate Nevada LLC

Date: | Category: | Author: Martin Pouzar

REINSTATE A NEVADA LLC COMPLETE GUIDE

When does a business entity require to be reinstated? There is a variety of Nevada compliance requirements that a business entity needs to meet or manage. There are times when a business entity might miss their tax filing deadline or annual list submission deadline. This can lead to losing a good standing with the state and the Secretary of State has the power to administratively dissolve the company as well. When a company is administratively dissolved or loses its good standing then this can hamper its growth and future. In such a scenario, you will have to reinstate Nevada LLC so that the business does not damage its credibility or good standing in the state.

How do I reinstate my company?

Setting up a business in the state of Nevada and keeping it in the “Good Standing” list by maintaining compliance is one of the toughest processes for any business. That is not all, it is an ongoing process because a single mistake like late filing of documents or taxes or fee can lead to dissolution of the business. Once the business license is revoked, it will affect the overall growth of the business.

The big question is – Can a limited liability company get past the dissolution? Yes. This is possible through Nevada secretary of state reinstatement but prior to that you need to identify the different situations that can put a business in the “Not Good Standing” list and which situation requires your business to opt for reinstatement.

The Default Status

A Nevada limited-liability company that fails to file and pay the fee prescribed in NRS 86.263 and 86.264 along with their articles of organization within the stipulated time is in default. An LLC is also required to submit an initial list along with the prescribed fee required by subsection 1 and annual list required by subsection 2 of the NRS 86.263 accompanied by a declaration under penalty of perjury that it has complied with the provisions of chapter 76. If the said LLC fails to submit the lists along with the fee then the Nevada Secretary of State shall deem the limited liability company to be in default. As a result, such an LLC will be required to pay the fee and penalty to get their “active status”.

The Revoked Status

If your Nevada LLC fails to file their initial list or annual list along with the fee for a period of one year as prescribed by NRS 86.272 then the business license or “good standing” status will be revoked. If an LLC fails to comply with the requirements prescribed in NRS 86.274, the Secretary of State can take any action deemed necessary and this includes the suspension or revocation of the business license. In such a scenario, your Nevada LLC will not be able to conduct business in the state. Hence, it is important to apply for Nevada secretary of state reinstatement as soon as possible so that your business is back in “good standing” with the state. This way, you can start conducting transactions with immediate effect.

How to reinstate my Nevada LLC?

If your business license has been revoked or the right to transact business is forfeited, how can you reinstate Nevada LLC? It is important to know that a domestic LLC in the state can be reinstated if specific documents are submitted or fees are filed pursuant to NV Rev Stat § 86.276 (2017) with the secretary of state. In order to reinstate, you will have to follow the procedure mentioned below:

Nevada secretary of state reinstatement of any limited liability company that has forfeited their right to transact business in the state will ensure that the said LLC has the right to carry on business in this state and is able to exercise its immunities and privileges, if the business files the following with the Secretary of State:

  • A list as required by NRS 86.263, which consists of the name of the limited liability company, file number, names and titles of all of its managers, address, either residence or business, and signature of a manager among others.
  • A statement as required by NRS 86.264 i.e., additional filing requirements for certain companies if applicable
  • Information required pursuant to NRS 77.310 (Appointment of registered agent)
  • A declaration under penalty of perjury, on a form that is being provided by the Secretary of State. It states that a reinstatement has been authorized by a court of competent jurisdiction in Nevada

In order to reinstate Nevada LLC, the business entity in question has to pay to the Secretary of State:

  • The filing fee and penalty as set forth in NRS 86.263 and 86.272 for each year when it failed to file the required annual list in a timely manner
  • The fee set forth in NRS 86.264, if applicable.
  • A fee of $300 for reinstatement

The filings can be submitted at the office of the Secretary of State by mail, through fax, and in person along with the applicable fee and penalty. It has to be mailed to the Secretary of State, Status Division, 202 North Carson Street, Carson City NV 89701-4201. Fax: 775-684-7123

Note: If the charter of a business entity has been revoked pursuant to the provisions of NV Rev Stat § 86.276 (2017) and has remained revoked for a period of 5 consecutive years then the charter cannot be reinstated.

IncParadise can file the same for you

How do you revive a Nevada LLC? It is important to know that except as otherwise provided in NRS 86.246 NRS (Requirement to provide to Secretary of State name and contact information of custodian of list of members and managers) or NRS 86.278 (Defaulting companies – Reinstatement under old or new name – regulations), an LLC can apply for renewal or revival pursuant to NV Rev Stat § 86.580 (2013) and this dates back back to the date on which the LLC’s charter was revoked. It will then be renewed or revived as if the limited-liability company’s charter and right to transact business had never been revoked in the first place.

Can I change my Registered Agent at the time of reinstatement?

Yes, you can change your registered agent at the time of Nevada reinstatement pursuant to NRS 77.340 – Model Registered Agents Act. You will have to file the “Statement of Change of Registered Agent by Entity” form as a separate form or as part of the “Certificate of Reinstatement” form.

IncParadise is one of the reputable and top registered agents in the state of Nevada and we can help you reinstate Nevada LLC with ease.

Tax Clearance or Tax Good Standing before reinstating

There are several states in the USA that requires businesses to obtain a “Tax Good Standing” or “Tax Clearance” certificate prior to filing for a Nevada reinstatement. In the state of Nevada, it is known as a Tax Clearance Certificate or simply a Certificate of Good Standing. This certificate is issued by the Nevada Department of Taxation to an LLC, Corporation, or a Sole Proprietorship that meets its Nevada tax obligations.

You will be required to obtain this certificate prior to filing to reinstate you Nevada LLC.

You have to get this certificate before filing to reinstate your Nevada Corporation and you will need the following:

  • A Domestic or Foreign business entity should be registered as a legal entity with the Nevada Secretary of State
  • The Nevada LLC in question should have paid the Nevada state taxes as well as any outstanding fee or penalty.
  • The Nevada LLC should not be in a default or on the list of suspended businesses

Once you apply for a Nevada Tax Clearance Certificate, the process can take from weeks to months but we at IncParadise can help in speeding up the process by contacting the Nevada Department of Taxation on your behalf.

How IncParadise helps you?

If a business license get revoked or if the office of the Nevada Secretary of State defaults a business or the right to transact business is forfeited then not only does the business lose their “good standing” but it affects the growth of that business as well. The question is can a business entity in default get back into the good standing list in the state of Nevada.

It is possible through filing of necessary paperwork and forms to reinstate Nevada LLC and this is where IncParadise can play a vital role by assisting you with getting your company into the “good standing” list.

IncParadise will provide the following assistance towards Nevada reinstatement:

  • Pending Tax/Fee: Our team of experts will not only help you to identify if there are any pending Nevada tax or fee but also provide guidance regarding filing of taxes or fee. This is one of the main reasons why businesses forfeit their right to transact business in Nevada.
  • Reinstatement Forms: Different types of business entities require different Nevada secretary of state reinstatement forms. We will ensure that you fill up and submit the correct form. If you require help filling the form then we can provide assistance on same.
  • Examine and Submit: We will examine your Reinstatement Form and check if you have provided all the information required so that it is ready for submission. We can also submit the form on behalf of your LLC with the Nevada Secretary of State – Status Division.
  • Reinstatement: We will notify you or provide you with a file stamped copy of the Certificate of Reinstatement.

OUR CHARGES ARE JUST $89.00

+State fees/Annual Fees