Several factors can lead to the dissolution of your firm. However, when this happens, you do not have to feel like all is lost. There is a procedure that you can follow and be able to reopen your firm. This procedure is known as administrative restoration. Different states have different protocols, but the primary concern is restoring a dissolved company. The following steps will guide you to reopen your business and continue with your operations.
To begin with, eligibility is very important. If you are considered illegible for the application, your firm cannot be reopened. The factors that will make you legible include a notice of dissolution of the firm. Also, you must be either the Director or the Shareholder of that firm. Additionally, you must make the application within six years from the date the firm was closed. The company must also have been fully operational when it was closed.
If you meet these conditions, you are allowed to continue with the procedure to reopen your firm. There are several applicable options that you can consider. One of them is by court order, and the other one is through the Companies House. A court order is usually considered if the Companies House rejects your application.
After the qualification procedure is complete, the next thing is filling and submitting the application form. This form must be accompanied by some documents that will support your claim. For example, you must include the name of the firm as well as the registration number. An eligibility compliance statement is also paramount.
You will also be required to provide a cheque to the Companies House to cater for the restoration. Also, you will be required to submit all your outstanding documents to the Companies House. You will be penalized for all these outstanding documents. This means that you will pay the required fee for all of them.
After you submit all the required documents and pay the entire required fee, the processing of your application will commence. Normally, the process takes two to three weeks. After that, the Companies House will inform you of their final decision. The news may be negative or positive.
If Companies House considers your application legit, they will reopen the firm. Therefore, they will send you a notice of the same and ensure that is has been published in the Gazette. The reopening of the firm will be effective immediately. This means that the name of your firm will reappear on the House's website. The downside, however, is that the reason for dissolution will be maintained in the file of Company House.
In case your restoration application does not go through, the Companies House will inform you of the reason. For instance, it may be due to missing documents that must be submitted. If the cause is different, you can go for the court order option and claim for resolution.
To begin with, eligibility is very important. If you are considered illegible for the application, your firm cannot be reopened. The factors that will make you legible include a notice of dissolution of the firm. Also, you must be either the Director or the Shareholder of that firm. Additionally, you must make the application within six years from the date the firm was closed. The company must also have been fully operational when it was closed.
If you meet these conditions, you are allowed to continue with the procedure to reopen your firm. There are several applicable options that you can consider. One of them is by court order, and the other one is through the Companies House. A court order is usually considered if the Companies House rejects your application.
After the qualification procedure is complete, the next thing is filling and submitting the application form. This form must be accompanied by some documents that will support your claim. For example, you must include the name of the firm as well as the registration number. An eligibility compliance statement is also paramount.
You will also be required to provide a cheque to the Companies House to cater for the restoration. Also, you will be required to submit all your outstanding documents to the Companies House. You will be penalized for all these outstanding documents. This means that you will pay the required fee for all of them.
After you submit all the required documents and pay the entire required fee, the processing of your application will commence. Normally, the process takes two to three weeks. After that, the Companies House will inform you of their final decision. The news may be negative or positive.
If Companies House considers your application legit, they will reopen the firm. Therefore, they will send you a notice of the same and ensure that is has been published in the Gazette. The reopening of the firm will be effective immediately. This means that the name of your firm will reappear on the House's website. The downside, however, is that the reason for dissolution will be maintained in the file of Company House.
In case your restoration application does not go through, the Companies House will inform you of the reason. For instance, it may be due to missing documents that must be submitted. If the cause is different, you can go for the court order option and claim for resolution.
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You can get a detailed overview of the things to keep in mind when restoring a dissolved company at http://www.nevadadiscountregisteredagent.com/reinstate-your-default-or-revoked-nevada-company right now.
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