Reviving a Corporation, S Corp, Partnership, LLC or Other entity in California
Reviving a California Corporation, S Corporation, Partnership, LLC or other Business Entity
Running a business in 2020 can be tough. Aside from the daily business operations, you have to maintain the required corporate filings and corporate tax payments.
A Business Entity such as: Corporations, Partnerships, LLCs, LLPs are formed through the Secretary State. There are requirements that need to be met with the Secretary of State to maintain the Business Active.
If the requirements are not met such as filing the corporate statement of information, tax filings & payments, your Business Entity will be Suspended by the state.
There are stiff consequences a Business Entity Faces when it is Suspended. The suspension of a Business Entity means that:
the entity can no longer legally operate, and can not engage in any business transactions.
Any Contract the Business Entity enters into can not be enforced, &
the Business Entity can not sue or defend itself if sued. In order for the Business Entity to be revived.
California Revivorship Application for Entity Type Below
The top 3 Reasons a Business Entity Gets Suspended are for the Following
Not Filing a Tax Return
Not Paying the Annual $800 State Franchise Fee
Not Filing the Secretary of State - Statement of Information
To Revive a Corp, All of the above-stated reasons would need to file up and paid. The payment must include all interest & penalties. Each Business Entity might have additional requirements to Revive, so it is important to contact the State to inquire if there are additional requirements to Revive your business entity.
Once All Requirements have been met, the application for Receivership can be submitted. The State will typically take approximately 7 days to process the revive application.
Semper Tax Relief can provide the Representation to Revive your business. We have the Knowledge, Experience, Expertise & the right business solutions to revive your Business Entity. The Solutions we have in place may include all of the following:
Fully Represent your business
Catch up on all past Tax Filings
Business Solutions: Past Years Accounting, Bookkeeping, After the Fact Payroll
Financial Reporting: Cash Flow Analysis, Profit & Loss Statements
File the Business Entity Revivorship on your behalf
If you have any further questions regarding reviving a Business Entity, please call us for a Free Consultation.
