When a corporation is administratively dissolved, it means the Georgia Secretary of State has removed its legal existence as a result of the corporation’s inability to adhere to various legal requirements, such as failing to file yearly reports or pay state taxes. Until it is reinstated, a corporation that has been administratively dissolved is not permitted to operate legally. Re-establish Your Corporation in Georgia: Steps to Take
1. Verify Your Corporation’s Status: To begin, you must contact the Georgia Secretary of State to confirm your corporation’s status. To do this, use the website of the Secretary of State to conduct a search for your corporation. You must take action to revive your corporation if it is indicated that it has been administratively disbanded.
2. Submit All Outstanding Annual Reports and Pay costs: In order to reestablish your corporation, you must submit all unfiled annual reports as well as any costs or penalties that may be owed. Through the website of the Georgia Secretary of State, you can complete this online.
3. Submit a Certificate of Reinstatement: You must submit a Certificate of Reinstatement to the Georgia Secretary of State after you have submitted all pending reports and paid all fees. This certificate attests to the fact that your business has satisfied all statutory conditions for reinstatement.
4. Await Approval: After submitting your Certificate of Reinstatement, you must wait for the Georgia Secretary of State to provide its blessing. Be patient; this procedure could take several weeks. How to Renewal Your Georgia LLC
1. Submit an Annual Report: You must submit an Annual Report to the Georgia Secretary of State in order to renew your LLC. This report contains details regarding your LLC, including its name and registered agent. 2. Pay the Annual charge: You must pay an annual charge to the Georgia Secretary of State along with your Annual Report. For most LLCs, the charge is presently $50.
3. Keep Your Information Current: It’s crucial to keep your LLC’s information current with the Georgia Secretary of State throughout the year. This entails modifying your registered agent details and filing any required modifications to your LLC’s governing documents.
How much does a Georgia EIN number cost? Employer identification number, or EIN, is a special number that the IRS issues to your company. There is no cost to apply for an EIN number in Georgia. You can submit your application by mail or online at the IRS website.
Which Is Better, an LLC or a Sole Proprietorship? Your particular business needs will determine whether you should form an LLC or a single proprietorship. The most straightforward and affordable business structure is a sole proprietorship, but the owner is not protected from responsibility in this structure. In contrast, an LLC protects its owners from responsibility and may provide tax advantages, but it is more difficult and expensive to establish up. Before choosing the best sort of business structure for you, it’s crucial to assess your needs as a company and get professional advice.
Yes, a business license must be obtained by LLCs in Georgia before engaging in any commercial activity. Every year, this license needs to be renewed.