Business Status Forfeited In Nevada
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When the annual filing deadline is missed, the entity goes into default. If it remains in default for one year, the business charter is revoked. And if nothing is done for another 5 years, the entity is permanently revoked.
In Nevada, for instance, “reinstatement” occurs within five years of dissolution, while “revival” occurs after this time period has elapsed.
How do I reinstate a revoked entity? Information on how to reinstate a revoked entity may be obtained by contacting the Secretary of State's Customer Service Division at 775-684-5708, or by obtaining the reinstatement packet for the appropriate entity type and using the Business Entities Search and Calculate Fees tab.
When the annual filing deadline is missed, the entity goes into default. If it remains in default for one year, the business charter is revoked. And if nothing is done for another 5 years, the entity is permanently revoked.
The State Business License must be renewed annually.
