Business Status Forfeited In Harris
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FAQ
Reinstating a business requires filing with the Secretary of State, and often with the Department of Revenue or Taxation. Researching your business' unique requirements, and preparing all of the filings takes hours of your executives' time.
If an LP fails to file its periodic report within 30 days from the date that the secretary of state sends the report, it forfeits its right to transact business in Texas. While forfeited, it cannot maintain any action, suit, or proceeding in any Texas court or amend its certificate of formation or registration.
To reinstate an LLC in Texas, you need to file either an Application for Reinstatement along with a Set Aside Tax Forfeiture (Form 801) or obtain a Texas Certificate of Reinstatement (Form 811) from the Secretary of State.
An inactive LLC is a company that has not engaged in any business activities during a given tax year. This could mean the LLC has not generated income, incurred expenses, or engaged in transactions. Despite being inactive, the LLC remains legal until it is formally dissolved.
Within 120 days of the date of notice of forfeiture of privileges. § 171.252(1) states that a taxable entity that has forfeited its right to transact business is denied the right to sue or defend in a court in this state. Pursuant § 171.252(2) each officer and director is liable for the debts of the corporation.
Any ad account that hasn't run ads within the last 15 months may be closed due to inactivity. When an ad account is closed, your primary payment method is removed, your ads are turned off, and the closed account won't be able to publish new ads.
If a corporation or LLC is inactive by means of revocation or administrative dissolution, it cannot legally transact business in a state. This can impact the entire organization's ability to engage with clients, creditors, and other government agencies.
In order to reinstate an entity, the Texas Secretary of State requires evidence that the entity has met all franchise tax requirements. To provide this evidence, the Comptroller's office issues a Tax Clearance Letter, Form 05-377.
