Connecticut Sample Letter for Reinstatement of Corporation
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How to fill out Sample Letter For Reinstatement Of Corporation?
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FAQ
An act or instance of being restored to a former position or state; reestablishment:We are hoping the revised budget will include the reinstatement of the renewable energy tax credit program. Both local and national media covered the resignation and subsequent reinstatement of the organization's president.
After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company's non-cash assets. Note that only those assets your company owns can be liquidated. Thus, you can't liquidate assets that are used as collateral for loans.
To begin, you need to determine the issue that caused your LLC or corporation's dissolution. Once you've solved the issue, whether its by paying late fees or taxes or submitting an overdue annual report, you will need to submit the reinstatement documents to the Secretary of State or Department of Revenue or both.
Corporations may still be sued during its winding up period and even, in some jurisdictions, after dissolution. California subjects dissolved corporations to suits arising out of its pre-dissolution activities, with the only limitation being the general statute of limitations on the type of action being sought.
To dissolve a Connecticut corporation, you just need to file a Certificate of Dissolution with the Connecticut Secretary of the State, Commercial Recording Division (SOTS). Connecticut has forms available for use but you can draft your own articles of dissolution as long as they contain the required information.
People who continue to operate a business that has been dissolved, are taking a serious risk. That's because once the company dissolves, the corporate protections no longer exist. That means that someone who operates the dissolved business, can be sued personally for anything the (dissolved) company does.
Subject to the availability of the business entity name, an entity suspended/forfeited by the: Secretary of State can be revived by: Filing a current Statement of Information online at bizfileOnline.sos.ca.gov.
If your Connecticut corporation was administratively dissolved (forfeited), and you want to continue your business in Connecticut, you will have to file a Certificate of Reinstatement with the Connecticut Secretary of the State, Commercial Recording Division (SOTS).
