South Carolina Sample Letter for Reinstatement of Corporation
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How to fill out Sample Letter For Reinstatement Of Corporation?
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How to Dissolve a Corporation in California Step 1: Shareholders Vote to Dissolve the Corporation. ... Step 2: Prepare and File a Certificate of Election. ... Step 3: Board of Directors Provides Written Notice of Corporation's Dissolution. ... Step 4: Pay Taxes, Settle Debts, and Distribute Remaining Assets to Shareholders.
Once an entity is administratively dissolved, it may apply to the Secretary of State for reinstatement (or requalification, in the case of foreign entities). The entities must submit an application and correct all reasons that led to the dissolution or else prove to the Secretary that the grounds do not exist.
You will need to file IRS Form 2553 to convert your entity into an S Corp. If your entity is an LLC, you may need to elect to be taxed as a corporation first by filling out IRS Form 8832. The conversion to an S Corp can only be made at certain times.
To reinstate your South Carolina corporation you need to file Application for Reinstatement of a Corporation Dissolved by Administrative Action along with Tax Compliance Certificate from the South Carolina Department of Revenue with South Carolina Secretary of State, and pay any fees, missing annual reports and ...
How do you dissolve a South Carolina Corporation? 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.
File two copies of the Amended Articles of Organization with the South Carolina Secretary of State, Division of Business Filings (SOS). The form is on the SOS website (see link below) or in your online account when you sign up for registered agent service with Northwest.
Shareholder Distribution The final step of dissolution involves distributing the company's remaining assets among the owners (a.k.a. shareholders). The assets may include the money kept in bank accounts or obtained from disposing of the company's non-cash assets.
