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Irrevocable trusts come with several disadvantages, including the loss of control over the assets and potential tax implications. Once assets are in the trust, the grantor cannot change the terms or reclaim the assets. If you choose to establish an irrevocable trust online with friends, weigh these factors carefully. Being informed helps you make the best decision for your situation.
After fixing the cause of noncompliance, the next step is for the entity to file a reinstatement ( sometimes called a revival) with the Secretary of State and pay any state fees. Reinstating a business requires filing with the Secretary of State, and often with the Department of Revenue or Taxation.
If the entity's status is Delinquent, a Statement Curing Delinquency must be filed to return the entity's status to Good Standing. You can refer to our interactive timeline to see the available filing dates.
If a registered entity fails to submit its annual report and pay the filing fee timely, eventually DFI will place the entity in ??Delinquent Status.? When in Delinquent Status, the entity will not be able to ?le any other documents with the Department until the entity is brought back to good standing by ?ling all past ...
Steps to Reinstating your Colorado LLC The filing fee for the Articles of Reinstatement is $100. It can only be filed online (cannot be filed by mail) and you'll need to pay the $100 filing fee with a debit or credit card.
If the entity's status is Delinquent, a Statement Curing Delinquency must be filed to return the entity's status to Good Standing. You can refer to our interactive timeline to see the available filing dates.
Your Colorado LLC can remain delinquent indefinitely, and you can file a Statement Curing Delinquency at any time. However, after 400 days of delinquency, your Colorado LLC's name becomes available for other companies to adopt.