Business Status Forfeited In Franklin
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FAQ
In order to maintain Good Standing status, it is important that you file required annual reports and maintain compliance with any applicable Maryland laws. Failing to do so means your entity may be “Not in Good Standing,” which eventually leads to forfeiture.
“Forfeited” means the right of the entity to conduct business in the State of Maryland has been relinquished and it has no right to use its name. For domestic corporations, this also means that the business has no existence under the laws of the State of Maryland.
Business Entity Search Go To The Business Entity Search Station Page. ? ... Indicate The Basis For The Search To Be Conducted. Choose The Business Entity Name Option. Define The Kansas Business Entity. Locate The Kansas Entity's Record. View The Kansas Entity's Filed Records.
If a business does not maintain compliance per a state's requirements, that business then falls out of good standing and is considered in bad standing. Other terms for this may include "not in good standing," "forfeited," or "suspended.”
You cannot use words like “bank,” “insurance,” “trustee” or “trust” without permission. Names shouldn't be deceptively close to another business name.
So, you've got a forfeited LLC. Under Maryland law, your entity does not legally exist. That is, until you get sued. Many LLC members do not realize that they can be forced to defend a lawsuit against the LLC even after forfeiture.
If a business name is already trademarked, you are prohibited from using it even if the company operates in a different state to yours. Trademark issues can be complex. In trademark infringement cases, courts look at whether consumers would be confused by two businesses that operate in the same industry.
Right to transact business in Texas indicates an entity's franchise tax account status. If Right to Transact Business is... Then... Active. The entity's right to transact business in Texas is intact.
