If you own a business in Arkansas and it has been administratively dissolved for any reason, you must take action to have it reinstated in order to carry on doing business. Fortunately, reestablishing your company in Arkansas is a simple process as long as you take the right steps and fulfill the essential requirements.
Let’s first talk about what it means to be administratively dissolved before we get into the precise steps for restoring your firm in Arkansas. This happens when a company misses two consecutive deadlines for filing its yearly franchise tax report or paying its taxes. A company loses its ability to legally operate in the state when it is administratively dissolved.
1. Submit all past-due annual franchise tax returns and settle any debts. Through the website of the Arkansas Secretary of State, you can submit these reports and make tax payments online.
2. Obtain an Arkansas Secretary of State Certificate of Good Standing. This certificate attests that your company has satisfied all requirements for reinstatement and is in good standing with the state. A Certificate of Good Standing can be obtained in person, via mail, or online.
3. Submit an application for reinstatement to the Secretary of State of Arkansas. Depending on the form of business entity you have (a corporation, LLC, etc.), you must submit this application with the correct fee.
You might also need to tell the Arkansas Secretary of State of changes to your company’s registered agent and/or address in addition to these actions.
You must ask the state where your company is registered for a Certificate of Good Standing if you want to receive one. For this certificate, each state has its unique procedures that must be followed, but in general, you’ll need to give the name, address, and other identifying information of your company. There can be a price associated with getting the certificate.
You can submit a request online via the PRC website for a Certificate of Good Standing from the Philippine Professional Regulation Commission (PRC). You must pay a charge, as well as supply your name, your PRC license number, and other identifying information.
A letter of good standing serves as proof of a company’s standing with a certain institution or agency. For instance, a company would require a Letter of Good Standing from the IRS to confirm that its tax payments are up to date. You can get this letter by getting in touch with the relevant organization and asking for it.
Similar to the one in Arkansas, an Oklahoma Certificate of Good Standing attests to a company’s compliance with all reinstatement requirements and confirms that it is in good standing with the state. You must seek and pay for an Oklahoma Certificate of Good Standing from the Oklahoma Secretary of State.
You can ask for a certificate of good standing in California through the Secretary of State’s office there. This can be done in person, via mail, or online. If your company complies with California’s regulations, the certificate will be granted.