The choice of a company name is the first in the exciting process of starting a business. But it’s crucial to make sure the name is original and not being used by another business. But what if the business name was already in use when it was dissolved? Can you register it once more?
No, is the response. A company’s name becomes accessible for use by others when it is dissolved. To avoid client and customer confusion, here is the justification. In order to avoid any legal problems, it is also important to make sure the name is not connected to a business that is no longer in operation.
A different name or a distinguishing factor, such as a different spelling or the addition of a word that identifies your company, must be chosen if you want to register a new company. To avoid any legal concerns, it is crucial to conduct extensive research on the name.
When your LLC’s operating privileges are suspended, the state has effectively terminated the corporation. When the LLC neglects to submit its yearly report or pay the necessary fees, the suspension takes place. You must submit the missing report and settle any fines or costs before your LLC will be reinstated.
You must get in touch with the state’s department in charge of business registration if you want to reinstate your LLC. You must submit the missing report and pay the necessary expenses. The state will reinstate your LLC as soon as they receive the report and money.
How Do I Restore a Suspended LLC? In order to restart business operations if your LLC is suspended, you must resolve the problem. Finding out the reason the LLC was suspended is the first step. It can be as a result of neglecting to submit an annual report, pay taxes, or keep a registered agent.
You must get in touch with the state’s department in charge of business registration if your LLC is suspended. They will give you the instructions you need to fix the problem and reinstate your LLC. This could entail submitting reports, paying fees, or updating company data.
You might be wondering if you can restart your Employer Identification Number (EIN) if your company was shut down or put on hold. Yes, it is the answer. By getting in touch with the Internal Revenue Service (IRS) and giving the required information, you can reactivate your EIN.
You must give the IRS the justification for the reinstatement, such as a dissolved or suspended business, in order to have your EIN back. You must also include any updated contact information for your company, such as a new address or phone number, if necessary.
You can check with the IRS to see if your EIN number is still in use if you are unsure. The IRS representative will ask for your company name and EIN number. They will then inform you of your EIN’s status, including whether it is currently active or has been suspended.
The name of a corporation becomes accessible for use by others after it is dissolved, to sum up. If your LLC has been put on hold, you must get in touch with the state agency in charge of business registration to get it reinstated or have the problem resolved. By getting in touch with the IRS and providing the required information, you can have your EIN reinstated. You can check with the IRS to see if your EIN number is still in use if you are unsure.