The North Carolina Application For Reinstatement Following Administrative Dissolution is a form used by businesses in North Carolina who have been administratively dissolved by the North Carolina Secretary of State. It is the first step in the process of reinstating the entity to its original status. There are two types of North Carolina Application For Reinstatement Following Administrative Dissolution, depending upon the type of entity: 1) for “For-Profit” Corporations and 2) for “Non-Profit” Corporations. The application requires basic information about the organization, such as the entity’s name, tax ID number, and the date of dissolution. Additionally, it will require the payment of all delinquent taxes, fees, and penalties due to the State of North Carolina. Once the application is submitted, the Secretary of State will review the application and, if approved, the entity will be reinstated.
North Carolina Application For Reinstatement Following Administrative Dissolution
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FAQ
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.
This means that the LLC's right to conduct business is ended and the only action the LLC can lawfully take is to wind up its affairs, pay its remaining debts and distribute the remaining assets to the owners.
Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity's failure to comply with certain obligations of the business entity statute.
Status dissolved companies have been formally closed down. Not only does that mean it no longer operates, but there are also other matters that need attending to. All assets and liabilities must be addressed, similar to the process of settling the estate of someone who has passed away.
Filing fee for this Application for Reinstatement is $100.00, payable by check made to the order of the Secretary of State.
Administrative dissolution occurs when a North Carolina business entity has failed to perform any of a number of duties described in statute. A similar process called administrative revocation is applicable to entities formed in other states or countries (foreign companies).
My company has already been administratively dissolved. How can I get reinstated? Fix the problem that caused it to be dissolved. For example, if you have overdue annual reports, you will have to file them all.Fill out the Reinstatement Form.File the Reinstatement Form and pay fee reinstatement fee.