The Ultimate Guide For Restoring A Dissolved Company
Reasons for the dissolution of a firm are so many. When your firm becomes dissolved, that is not the end. This is because there are procedures that can be followed to restore the firm. For some people, restoring a dissolved company seems like a big hustle. However, if you know the worth of your firm, and the struggle you went through when opening it, nothing is impossible. For this reason, it is advisable to start the restoration procedures as early as possible.
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.
Any applicant that meets the above requirements is qualified for the application. However, two main options can be considered for the reopening of the firm. Firstly, you can send an application to your local Companies House Representatives. The second option is restoration through the court order. The second option is usually considered when your application becomes rejected by Companies House.
The next step is making an application to the Companies House and request for administrative resolution of your firm. There are several documents that you will be needed to send with your application. These include the name and registration number of the company and a compliance statement that confirms your eligibility.
Others include a cheque directed to Companies House. This cheque will cover all the services that you will receive. All the outstanding documents will also be required hence you must ensure that they are up to date. You will pay the specified amount for each type of document. This fee is not included in the cheque.
Once you have submitted all the necessary documents, make sure you have settled all the fees. Companies House will then start processing the application. You will receive feedback in two weeks. The feedback you receive can either be positive or negative depending on the nature of the application. Sometimes the process can take longer thus it is wise to start the application earlier to avoid delays.
In case your application goes through, and your firm is reopened, you will receive a notice for the same. Then, the resolution will take effect immediately. This means that the name of your company will reappear in the online register immediately. The local Gazette will also publish the notice for the restoration. This means that everyone will know that your firm has been reopened. However, the Companies online file will retain the reasons that led to the dissolution of the firm.
On the other hand, your application might be rejected due to one reason or the other. Mainly, if there is a rejection, you might not have submitted all the documents that were required. Therefore, ensure that you check all your papers to ensure you have all that requirements. In case the reasons are different, the claiming for a court order can help you restore the firm.
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.
Any applicant that meets the above requirements is qualified for the application. However, two main options can be considered for the reopening of the firm. Firstly, you can send an application to your local Companies House Representatives. The second option is restoration through the court order. The second option is usually considered when your application becomes rejected by Companies House.
The next step is making an application to the Companies House and request for administrative resolution of your firm. There are several documents that you will be needed to send with your application. These include the name and registration number of the company and a compliance statement that confirms your eligibility.
Others include a cheque directed to Companies House. This cheque will cover all the services that you will receive. All the outstanding documents will also be required hence you must ensure that they are up to date. You will pay the specified amount for each type of document. This fee is not included in the cheque.
Once you have submitted all the necessary documents, make sure you have settled all the fees. Companies House will then start processing the application. You will receive feedback in two weeks. The feedback you receive can either be positive or negative depending on the nature of the application. Sometimes the process can take longer thus it is wise to start the application earlier to avoid delays.
In case your application goes through, and your firm is reopened, you will receive a notice for the same. Then, the resolution will take effect immediately. This means that the name of your company will reappear in the online register immediately. The local Gazette will also publish the notice for the restoration. This means that everyone will know that your firm has been reopened. However, the Companies online file will retain the reasons that led to the dissolution of the firm.
On the other hand, your application might be rejected due to one reason or the other. Mainly, if there is a rejection, you might not have submitted all the documents that were required. Therefore, ensure that you check all your papers to ensure you have all that requirements. In case the reasons are different, the claiming for a court order can help you restore the firm.
About the Author:
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.
The Ultimate Guide For Restoring A Dissolved Company
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