Business Status Forfeited In King
Description
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FAQ
Yes. It is possible to remove an honour on the advice of the Forfeiture Committee and with the approval of the Sovereign. What behaviour is expected from a person who has an honour? Both we and the wider community expect recipients of honours to be, and to remain, good citizens and role models.
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.”
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.
Starting January 1, 2024, Kansas businesses will file information reports with the Kansas Secretary of State every two years instead of an annual report every year. The content of the report will not change. Transitioning from annual filling to biennial will reduce paperwork for Kansas business owners.
The State of Kansas requires you to file a biennial report for your LLC with the Kansas Secretary of State (SOS). You can file your report either online or by mailing in a completed paper copy to the SOS. (Before 2024, businesses were required to file a report every year.)
A forfeited status occurs when an information report filing deadline is missed or the business fails to maintain an active Kansas resident agent and registered office.
Information Reports (Formerly Annual Reports) The Information Report is submitted every two years by any business on file with the Kansas Secretary of State.
