A disbanded corporation may be reinstated in California. But the procedure could be difficult and drawn out. You can follow the instructions in this article to restore a disbanded corporation in California.
It is crucial to comprehend what voluntary dissolution entails before addressing how to reestablish a disbanded organization. When a corporation decides to voluntarily shut down its operations, this is known as voluntary dissolution. The corporation must dissolve legally, which entails submitting dissolution documents to the Secretary of State’s office. After the corporation files its articles of dissolution, it is no longer regarded as an active entity.
A dissolved corporation in California must submit a “Application for Reinstatement” form to the Secretary of State’s office in order to be reinstated. The form can be submitted electronically or via mail. Additionally, the corporation is responsible for paying any unpaid fines and fees to the state.
The corporation will be deemed active after the Secretary of State’s office grants the application for reinstatement. The corporation must, however, also submit all required tax returns and settle any unpaid state taxes.
In California, reestablishing a dissolved business can be a challenging procedure. However, the corporation may be reinstated by submitting the Application for Reinstatement to the Secretary of State’s office and paying any unpaid fines and costs due to the state. The corporation may not be able to be reinstated if it has been dissolved for longer than five years; instead, a new incorporation may be required. This is an important point to remember.