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It means the corporation or limited liability company was ?administratively dissolved? by the Secretary of State in ance with Georgia law. Upon dissolution, an entity may no longer carry on any business other than to wind up and liquidate its business and affairs.
A Georgia corporations business name is not protected after it has dissolved voluntarily. Another entity can use the name any time. If the Georgia corporation was administratively dissolved by the SOS, its name will be protected for five years after the date of dissolution.
A domestic corporation or limited liability company (?LLC?) that is administratively dissolved may apply for reinstatement within 5 years of the date of the administrative dissolution by filing an application for reinstatement.
You may file a reinstatement application online at ecorp.sos.ga.gov. Should you wish to file your reinstatement application by mail or hand-delivery to our office, you must print the reinstatement application form, complete it and mail it in with a check or money order for payment of the fee.
Businesses that are incorporated in another state will typically apply for a Georgia certificate of authority. Doing so registers the business as a foreign entity and eliminates the need to incorporate a new entity. Operating without a certificate of authority may result in penalties or fines.
Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority. Reinstatement is the action taken that restores an administratively dissolved business entity's rights, powers, and authority.
Georgia LLCs can only be reinstated within five years of administrative dissolution. After five years, the state requires a new entity be formed.
Is there a filing fee to dissolve or cancel a Georgia LLC? There is no fee to file the Certificate of Termination for a Georgia LLC. There is a $100 fee for 24 hour expedited processing. Your Georgia registered agent may be able to help you with the dissolution process.