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Within 120 days of the date of notice of forfeiture of privileges. § 171.252(1) states that a taxable entity that has forfeited its right to transact business is denied the right to sue or defend in a court in this state. Pursuant § 171.252(2) each officer and director is liable for the debts of the corporation.
If your LLC was terminated for failing to pay the Texas franchise tax, you'll need to file The Application for Reinstatement and Request to Set Aside Tax Forfeiture (Form 801). If your LLC was terminated for any other reason, you'll need to file the Texas Certificate of Reinstatement (Form 811).
The entity must: Take the necessary internal steps to wind up its affairs. ... Submit two signed copies of the certificate of termination. ... Unless the entity is a nonprofit corporation, attach a Certificate of Account Status for Dissolution/Termination issued by the Texas Comptroller. ... Pay the appropriate filing fee.
How long does it take the Texas SOS to reinstate an LLC? The Texas Secretary of State's office typically processes filings in 5-7 business days. Expedited filings are usually processed in 1-2 business days.
Reinstating or Terminating a Business File any Annual Franchise Tax and (Public or Ownership) Information Report forms. Pay any tax, penalty and interest payments due. ... Complete and submit Form 05-391, Tax Clearance Letter Request for Reinstatement (PDF), via mail or online using Webfile.
If you formed your LLC in Texas, you will file two signed copies of a Certificate of Termination of a Domestic Entity (Form 651), and pay a $40 filing fee. Form 651 must be signed by an authorized manager or authorized member-manager. The Certificate of Account Status must be attached to your Form 651.
Unless the entity is a nonprofit corporation or cooperative association, the filing fee for reinstatement following a voluntary termination is $15, and the filing fee for reinstatement following an involuntary termination or revocation is $75.
Forfeited Existence - An inactive status indicating that the corporation or limited liability company failed to file its franchise tax return or to pay the tax due thereunder. Status is changed by secretary of state when certification of the delinquency is received from the comptroller of public accounts.