Kentucky Sample Letter for Certificate of Reinstatement
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How to fill out Sample Letter For Certificate Of Reinstatement?
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How to Dissolve an LLC in Kentucky in 7 Steps Review Your LLC's Operating Agreement. ... Vote to Dissolve an LLC. ... File Articles of Dissolution. ... Notify Tax Agencies and Pay Remaining Taxes. ... Inform Creditors and Settle Existing Debt. ... Wind Up Other Business Affairs. ... Distribute Remaining Assets.
??A Letter of Good Standing for reinstatement purposes can be obtained by contacting the Secretary of State's Office. (502) 564-3490. Annual Reports.
Involuntary/Administrative Dissolution ? The Secretary of State may administratively dissolve a business entity for non-compliance with various Kentucky business laws. An administratively dissolved business may not carry on any business except that necessary to wind up its affairs and liquidate its assets. KRS 14A.
Entities that are "inactive" are either in "good standing" or "bad standing." If an entity has "inactive status and bad standing," either the entity did not file an annual report for the year, or the registered agent has resigned and a new agent has not been appointed.
To revive or reinstate your Kentucky LLC, you'll have to submit a reinstatement package to the Kentucky Secretary of State. The reinstatement package must include: a completed Application for Reinstatement. a Reinstatement Annual Report.
If your Kentucky LLC was administratively dissolved by the Kentucky Secretary of State (SOS), you can reinstate at any time. You just have to complete and submit the Reinstatement Application.
After dissolution, a corporation is generally expected to pay all its existing debts and then liquidate its remaining assets to its shareholders. This sometimes becomes difficult, however, where there are unknown claims that may exist against the corporation.
