There are so many reasons why a firm can be dissolved. For instance, if you own an establishment and you no longer need it, you can voluntarily dissolve it by filing a dissolution form. Also, the Companies House can dissolve your company if some legal documents like annual accounts as well as tax compliance are not done on time and in the correct manner. If you are tax compliant and your annual reports are filed on time, there is no reason for the Companies House to dissolve your establishment unless you want it to. Nevertheless, if your firm has been suspended and you would like to reinstate it, below are steps to reinstating a company.
Depending on how your establishment was dissolved, and the reason for reinstating it, you can restore it to the Companies House register either by a court order or administrative restoration. The two processes differ in terms of cost, complexity, time and other factors. For instance, your firm can be restored by court order if it was dissolved voluntarily.
Before you even start the process of restoring the firm especially by administrative restoration, ensure that you are eligible. If you do not qualify for the restoration, your application will not go through. Thus, it is wise to check whether you are eligible for the reinstatement. To be eligible, you must meet all the necessary conditions. Failure to comply with any of these conditions may make your application to fail as well.
Once you have checked whether you are eligible for the administrative restoration, you should now apply to the Companies House for the reinstatement. The application process is not as easy as you may think. This is because you have to meet all the requirements for the restoration. Also, the application form must be accompanied by all the necessary forms.
Some of the crucial things that you must not overlook include submitting the registration number and name of the company. Also, ensure that the application is accompanied by a compliance statement showing that you are eligible to apply for reinstatement. More so, you have to pay a restoration fee to the Companies House as well as any penalties and outstanding payments that you may have.
After submitting the restoration application form and all the required paperwork, wait for the Companies House to give you their final decision. This should take at most two weeks. The Companies House will review your application and decide whether you are eligible for the reinstatement of your firm or not.
You will then receive a notification from the Companies House informing you that your application was successful and your firm has been restored to the register. Then, your firm will immediately appear in the online register of Companies House as active. Also, a restoration notice will be published in the news.
In case your application was not successful, you may have either missed to submit all the required documents or failed to pay outstanding fees and penalties. This can be sorted out by meeting the requirements that you did not during the first application, and the rest will go on smoothly.
Depending on how your establishment was dissolved, and the reason for reinstating it, you can restore it to the Companies House register either by a court order or administrative restoration. The two processes differ in terms of cost, complexity, time and other factors. For instance, your firm can be restored by court order if it was dissolved voluntarily.
Before you even start the process of restoring the firm especially by administrative restoration, ensure that you are eligible. If you do not qualify for the restoration, your application will not go through. Thus, it is wise to check whether you are eligible for the reinstatement. To be eligible, you must meet all the necessary conditions. Failure to comply with any of these conditions may make your application to fail as well.
Once you have checked whether you are eligible for the administrative restoration, you should now apply to the Companies House for the reinstatement. The application process is not as easy as you may think. This is because you have to meet all the requirements for the restoration. Also, the application form must be accompanied by all the necessary forms.
Some of the crucial things that you must not overlook include submitting the registration number and name of the company. Also, ensure that the application is accompanied by a compliance statement showing that you are eligible to apply for reinstatement. More so, you have to pay a restoration fee to the Companies House as well as any penalties and outstanding payments that you may have.
After submitting the restoration application form and all the required paperwork, wait for the Companies House to give you their final decision. This should take at most two weeks. The Companies House will review your application and decide whether you are eligible for the reinstatement of your firm or not.
You will then receive a notification from the Companies House informing you that your application was successful and your firm has been restored to the register. Then, your firm will immediately appear in the online register of Companies House as active. Also, a restoration notice will be published in the news.
In case your application was not successful, you may have either missed to submit all the required documents or failed to pay outstanding fees and penalties. This can be sorted out by meeting the requirements that you did not during the first application, and the rest will go on smoothly.
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We have all the detailed tips and guidance on reinstating a company as published on our homepage. Simply use this link to reach the main site at http://www.nevadadiscountregisteredagent.com/reinstate-your-default-or-revoked-nevada-company.
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