Why Do You Need A Connecticut Reinstatement For Your LLC Or Corporation?
A company that loses its good standing status with the state may have to pay noncompliance penalties and face administrative dissolution. One way of correcting your mistakes and settling delinquency is through Connecticut reinstatement.
What Is Needed To File For Reinstatement?
Making sure that your company is in good standing with the state can help with its credibility. At the same time, it ensures that your operations are legal.
Each state determines the reinstatement process that administratively dissolved companies have to follow. In Connecticut, forfeited companies that want to continue doing business have to file a Certificate of Reinstatement with the Commercial Recording Division of the Secretary of State (SOTS). You also need to pay corresponding penalties and the filing fee, file your company’s current annual report, and appoint a registered agent. Since the reinstatement packet is not available online, you will have to request it from the SOTS. Contact them and submit your documents to:
Commercial Recording Division – Connecticut Secretary of the State
Mailing Address: P.O. Box 150470 Hartford, Connecticut 06115-0470
Delivery Address: 30 Trinity Street Hartford, Connecticut 06106
Phone: (860) 509-6003 Fax: (860) 509-6069
After completing the packet, submit it by mail, by fax, or in person. As for the payment, the state accepts cash, check, Visa, or Mastercard. If you use checks, make them payable to the Secretary of State. All fax submissions have to include a Fax Filing Service Request cover sheet that has your Visa or MasterCard information. If you choose in-person filing, make sure you submit the documents between 8:30 AM and 4:00 PM.
How Much Will It Cost To Reinstate?
LLC – Connecticut LLCs need to pay $120 for the reinstatement. This includes the corresponding fee for the annual report. If you choose expedited processing, you need to pay an additional $50.
Corporation – The filing fee for the reinstatement of a corporation is $300, including the annual report fee. If you want expedited processing, you have to pay another $50.
How Long Will This Process Take?
The SOTS normally takes around 3 to 5 working days to process documents. If you want to speed up the processing time, include an Expedited Service Request form and pay an additional $50. If you take this route, the division will finish your paperwork within 24 hours.
What Is Required On The Forms?
Connecticut reinstatement process requires more than one form. To get the whole packet, you will need to request it from the SOTS. Generally, you will have to prepare the following information:
- Name Of The Requesting Party
- Phone Number, Including The Area Code
- Complete Address
- Business ID Number, If Applicable
- Business Entity Name
- Customer ID Number, If Any
- Credit Card Information, If Applicable
- Signature Of The Authorized Representative
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 Certificate of Reinstatement. However, you can update them on the annual report that you will have to file.
Corporation – The Connecticut reinstatement form does not allow any changes to the principal address and the officers or a corporation. You can do this on the current annual report you will have to submit.
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 new one and file an amendment to the company’s Articles of Organization.
Corporation – If another business entity has taken the original name of your corporation, you will have to change yours by filing an amendment to the Articles of Incorporation.
How Can DoMyLLC Assist With Streamlining?
The Connecticut reinstatement process requires you to deal with formal paperwork and complete a multi-step process. If you find it a bit overwhelming, 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.
Connecticut Reinstatement FAQs
Can you change your registered agent on the reinstatement?
Since the Certificate of Reinstatement requires you to include the name and office address of your registered agent, you can use it as an opportunity to appoint a new one.
How many annual reports can your company fail to submit before the state prohibits reinstatement?
Connecticut does not involuntarily dissolve companies that fail to file annual reports. If your company is in default due to failure to submit an annual report, you can remedy the problem by simply filing the missing report.
How long can your company be inactive with the state before it has to start over as a new business entity?
Connecticut allows companies to reinstate at any time after administrative dissolution. However, if you do not want to go through the reinstatement process, you can start over by forming a new company.