Mecklenburg North Carolina Sample Letter for Certificate of Administrative Dissolution - Revocation
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How to fill out Sample Letter For Certificate Of Administrative Dissolution - Revocation?
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FAQ
Letting a company die on the vine by being administratively dissolved and then doing nothing is as irresponsible as it is ineffective, because it doesn't really die there. It just rots, festering with ongoing financial and legal concerns that become ever more expensive to address.
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.
Reinstatement in California Dissolved California entities cannot be reinstated, so in case like that you would need to file as a new entity.
To revive a North Carolina LLC, you'll need to file the Application for Reinstatement Following Administrative Dissolution of Limited Liability Company (Form L-08) with the North Carolina Secretary of State. You'll also have to fix the issues that led to your North Carolina LLC's dissolution.
If your corporation was administratively dissolved by the North Carolina Secretary of State, Corporations Division (SOS), you can file form B-08, Application for Reinstatement Following Administrative Dissolution any time. Submit the application by mail or in person and include all your missing annual reports and fees.
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).
Administrative Dissolution Laws or business corporation laws defined by the state determine entity dissolution. When administrative dissolution occurs, a business can still operate, have bank accounts, and accept payments. However, a creditor cannot go after any possible assets of that entity.
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.
