What Does Admin Dissolved Mean in Georgia?

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What does admin dissolved mean in Georgia?
1. What is an “”administrative dissolution””? When an entity fails to timely file an annual report, fails to maintain a registered agent, its duration expires or in several other situations, the Secretary of State may administratively dissolve that entity.
Read more on sos.ga.gov

In Georgia, a Limited Liability Company (LLC) or Corporation may be administratively dissolved by the Secretary of State’s office. It denotes that the state no longer recognizes the firm or LLC. The name and registration number of the company will also be made public.

If a corporation or LLC doesn’t adhere to state regulations, the Secretary of State’s office has the authority to administratively dissolve it. To keep its standing with the state in good standing, the business must submit yearly reports and pay the necessary fees. The corporation will be administratively disbanded if this isn’t done.

On the website of the Georgia Secretary of State, a company’s status will change to “Admin Dissolved” if it is administratively dissolved. The business won’t be able to operate any more, and it won’t be able to open bank accounts or sign contracts. The owners could be held personally accountable for the firm’s debts and legal problems if the management of the company loses its limited liability protection.

Companies must make sure they submit their annual reports on time and pay the relevant costs in order to prevent administrative dissolution. In order to go back into good standing, businesses can also submit articles of reinstatement to the Georgia Secretary of State’s office.

How Do I Create a Name for a Reservation?

You can submit an application online or by mail to reserve a name for a Georgia LLC or Corporation. A $25 name reservation fee secures the requested name for a 30-day period. The reservation will expire if the name is not used within that time frame.

The proposed name for the LLC or Corporation, the applicant’s name and address, and their signature are all required to be included on the application.

How Can I Discover My Reservation Name CIPC?

The Companies and Intellectual Property Commission’s (CIPC) database can be searched to find the name of the reservation you made for a company name. Either your reservation number or the name of the business must be entered.

What Does It Cost to Reserve a Company Name Also?

By state and nation, different amounts are required to reserve a company name. The cost in Georgia is $25. A name reservation for a company or close corporation costs R50 in South Africa.

Other questions include: How can I tell if a business name is available?

You can look for a business name in the Secretary of State’s database to see if it is available. In order to confirm that the name is not already in use, you can also run a trademark search. It is crucial to pick a name that is distinct and doesn’t sound too much like a brand or business name that already exists.

FAQ
Consequently, how do i find a dba name in georgia?

You can search the Corporations Division Business Search database of the Georgia Secretary of State to identify a DBA (Doing Business As) name in Georgia. You can look up registered business names in this database and check to see if a specific DBA name is accessible. If the name you want is available, you can also apply for a DBA name with the Georgia Secretary of State’s office.

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