Why Do You Need Oklahoma Reinstatement For Your LLC Or Corporation?
Losing your good standing status with the state may result in noncompliance penalties and administrative dissolution. Oklahoma reinstatement is the process you need to go through to restore a company to good standing status.
What Is Needed To File For Reinstatement?
Each state has a reinstatement process for administratively dissolved companies. It determines the steps you have to take and the requirements you need to complete.
LLC – In Oklahoma, an LLC can reinstate by filing a completed Application for Reinstatement form with the Secretary of State by mail or in person. You should also include any missed annual certificate filings and fees.
Corporation – An administratively dissolved Oklahoma corporation has to file a Certificate of Renewal, Revival, Extension, and Restoration form with the Secretary of State by mail or in person. Make sure that you settle all delinquent filings and pay the necessary fees.
How Much Will It Cost To Reinstate?
LLC – Oklahoma LLCs do not need to pay a filing fee for the reinstatement form. You will only have to pay for the amount you owe because of delinquent annual report filings.
Corporation – The filing fee for the reinstatement of a corporation in Oklahoma is $50. You will also have to pay any pending obligations because of missed annual business activity tax returns.
How Long Will This Process Take?
LLC – The normal processing of LLC Oklahoma reinstatement filings may take approximately a week. If you want to speed up the process, you can request one-day processing for an additional $25. You can only do this if you have settled all back annual certificates and payments.
Corporation – The Secretary of State may take approximately a week to finish processing corporate reinstatement filings.
What Is Required On The Forms?
The Oklahoma reinstatement process requires you to provide some information.
LLC
- LLC Name
- State Of Organization
- Date When The LLC Lost Its Good Standing Status
- Name And Signature Of A Manager
Corporation
- Company Name
- New Name, If The Original Is Unavailable
- Date Of Incorporation
- Name And Address Of The Registered Agent
- Whether The Revival Is Perpetual Or Not
- Name And Signature Of The Secretary Or Assistant Secretary
- Name And Signature Of The President Or Vice President
What Cannot Be Changed On The Forms?
LLC – You cannot change the company’s principal address and any information related to the members or managers using the Application for Reinstatement form. If you need to change the name and address of your registered agent, you will have to file a Change of Registered Agent form.
Corporation – The Oklahoma reinstatement form does not allow any changes to the principal address and officers or directors of a corporation.
What If My Company’s Name Is In Use When I Need To Reinstate?
LLC – If your LLC name is no longer available, you have to use a different one.
Corporation – If another business entity has taken the original name of your corporation, you will have to come up with a new one. You can write this on the Renewal, Revival, Extension, and Restoration of Certificate of Incorporation form.
How Can DoMyLLC Assist With Streamlining?
The Oklahoma reinstatement process requires you to handle formal paperwork and complete a process. The steps you need to take will depend on your business entity type. You may also have to settle some obligations to ensure that everything is in order.
If you need help in handling the transactions, contact a reliable third-party organization like DoMyLLC. Our team of experts is ready to assist you throughout the whole ordeal and provide a custom service fit for your specific needs.
Oklahoma Reinstatement FAQs
Can you change your registered agent on the reinstatement?
LLC – No, the reinstatement form does not have a section for that purpose. You will have to use the Change of Registered Agent form.
Corporation – Yes, you can simply indicate the name and address of the company’s new registered agent on item 2 of the form.
How many annual reports can your company fail to submit before the state prohibits reinstatement?
LLC – If you fail to file three annual reports, you can no longer reinstate your LLC in Oklahoma.
Corporation – Oklahoma corporations need to file and pay Annual Business Activity Tax Returns to the Tax Commission. If you miss three returns, you will no longer be able to revive your company.
How long can your company be inactive with the state before it has to start over as a new business entity?
Oklahoma allows a company to reinstate within three years after the date it became inactive. Beyond that, you will have to file as a new company and go through the business formation process.