North Carolina Sample Letter regarding Notification of Official Notice of Intent to Administratively Dissolve or Revoke Corporation
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How to fill out Sample Letter Regarding Notification Of Official Notice Of Intent To Administratively Dissolve Or Revoke Corporation?
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FAQ
What happens if my company is administratively dissolved? You may lose some of the benefits of being incorporated. For example, if your company is not reinstated within 5 years, you may lose the right to use the same name. You should consult your attorney to find out how the dissolution will affect your business.
If the Corporation or LLC fails to remedy the deficiencies within the specified time period then the state will Administratively Dissolve the business. When a company has been Administratively Dissolved by the state that company cannot legally conduct business and may be breaking the law if it does conduct business.
This intent to dissolve should include the following information: A detailed description of the claim. Information regarding the claim, the amount of the claim, and whether it is admitted to or not. A mailing address where any claims can be sent. A deadline: This must be at least 120 days after the written notice date.
If the company was dissolved voluntarily the name is available 120 days after the effective date of dissolution. If the company was dissolved administratively, the name is available 5 years after the effective date of dissolution.
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.
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.
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).
To get back into business again, you can apply for reinstatement. To revive or reinstate your North Carolina LLC, you'll need to submit the following to the North Carolina Secretary of State: a completed Application for Reinstatement Following Administrative Dissolution of Limited Liability Company (Form L-08)
