The South Carolina Application For Reinstatement of Nonprofit Corporation Dissolved By Administrative Action is a form that is used to reinstate a nonprofit corporation that has been administratively dissolved due to failure to file the annual report or due to failure to pay the annual report fee. This application must be filed with the South Carolina Secretary of State in order to have the dissolution reversed and the nonprofit corporation reinstated. There are two types of South Carolina Application For Reinstatement of Nonprofit Corporation Dissolved By Administrative Action: 1) the standard form for reinstatement of nonprofit corporation dissolved due to failure to file the annual report or due to failure to pay the annual report fee and 2) the expedited form for reinstatement of nonprofit corporation dissolved due to failure to file the annual report or due to failure to pay the annual report fee. The expedited form allows the corporation to be reinstated within one business day.
South Carolina Application For Reinstatement of Nonprofit Corporation Dissolved By Administrative Action
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How to fill out South Carolina Application For Reinstatement Of Nonprofit Corporation Dissolved By Administrative Action?
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FAQ
The online filing process is usually completed within 24 hours. If the filing is mailed, the Secretary of State's Office will usually complete the process within two to three business days after it is received, though longer filing times may be experienced depending on workload volume.
Depending upon the circumstances or the corporate bylaws, voluntary dissolution can be initiated by shareholder action, by action initiated by the board of directors, or where no directors are in place by the incorporators.
How to dissolve a business in 7 steps Step 1: Get approval of the owners of the corporation or LLC.Step 2: File the Certificate of Dissolution with the state.Step 3: File federal, state, and local tax forms.Step 4: Wind up affairs.Step 5: Notify creditors your business is closing.Step 6: Settle creditors' claims.
Dissolving a corporation successfully takes several key steps. Such requirements may vary across the fifty states. Generally, it is recommended that business owners get legal assistance to file the necessary documents with the proper state agencies.
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.
To dissolve a South Carolina corporation, file Articles of Dissolution with the South Carolina Secretary of State, Division of Business Filings (SOS). Submit the form in duplicate, with a self-addressed stamped envelope, so the SOS can return a copy to you. You may type or print on SOS forms in black ink.
To reinstate a South Carolina corporation, file an Application for Reinstatement of a Corporation Dissolved by Administrative Action with the South Carolina Secretary of State (SOS).
Liquidation of Assets 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.