Why Do You Need North Carolina Reinstatement For Your LLC Or Corporation?
When you do business in a state, you will have to comply with the regulations there and fulfill your obligations to ensure that your company remains in good standing. Otherwise, you may eventually fall into bad standing and have to go through North Carolina reinstatement.
What Is Needed To File For Reinstatement?
If a company stays in bad standing long enough, it puts its business at risk of administrative dissolution. When that happens, you will have to go through the North Carolina reinstatement process that the state has set.
LLC – An administratively dissolved North Carolina LLC that wishes to reinstate its business will have to file an Application for Reinstatement Following Administrative Dissolution of Limited Liability Company form with the Secretary of State. This can be done by mail or in person.
Aside from that, you will need to submit missed annual reports and the corresponding fees. You should also include a Coversheet for Corporate Filings if you want to request expedited service. You can download the forms from the Secretary of State website. You may draft your own if you want.
Corporation – Dissolved corporations in North Carolina that want to continue doing business in the state need to file an Application for Reinstatement Following Administrative Dissolution. You should also include delinquent annual reports and fees. If you want expedited service, include a Cover Sheet for Corporate Filings. You can download the forms online or draft your own version.
Payments should be in cash, money orders, certified checks, business checks, or personal checks. All checks should be made payable to the North Carolina Secretary of State.
How Much Will It Cost To Reinstate?
LLC – Reinstating an LLC in North Carolina requires you to pay the $100 filing fee. If you missed filing annual reports, you have to pay $200 for each.
If you want to speed up the process, you can choose the 24-hour processing for an additional $100 or same-day service for $200.
Corporation – The filing fee for the reinstatement of a North Carolina corporation is $100. Each delinquent annual report costs $200. Expedited service for 24-hour processing requires an additional $100, while same-day service costs $200.
How Long Will This Process Take?
The Secretary of State normally takes around 7-10 business days to finish processing North Carolina reinstatement filings. However, they offer 24-hour and same-day expedited services.
What Is Required On The Forms?
LLC – Reinstating a North Carolina LLC requires you to disclose the following information:
- LLC Name
- Effective Date Of The Administrative Dissolution
- Grounds For The Administrative Dissolution
- Date Of Execution Of The Document
- Name, Signature, And Title Of The Authorized Representative
Corporation – You may need to provide the following information on the reinstatement form:
- Company Name
- Effective Date Of The Administrative Dissolution
- Grounds For The Administrative Dissolution
- Date Of Execution Of The Document
- Name, Signature, And Title Of The Authorized Representative
What Cannot Be Changed On The Forms?
LLC – You cannot change any information related to the registered agent, members or managers, and principal address of your North Carolina LLC on the reinstatement form. However, you can update those pieces of information on the annual report that you will be filing along with the reinstatement.
Corporation – The North Carolina reinstatement form does not have a section for changing information related to the registered agent, officers or directors, and principal address of the company. You can update those on the annual report you are filing with the reinstatement.
What If My Company’s Name Is In Use When I Need To Reinstate?
LLC – If the original name of your LLC is no longer available when you reinstate, you will have to change it and file an amendment to your Articles of Organization.
Corporation – You have to change your company name if another business entity is already using it. To do this, you will have to submit an amendment to your Articles of Incorporation.
How Can DoMyLLC Assist With Streamlining?
Getting your North Carolina company back into good standing with the state requires you to properly accomplish the reinstatement process. However, the transactions and North Carolina reinstatement paperwork can be a hassle, especially if you have never done them before.
If you think you need professional guidance, turn to a reliable third-party organization like DoMyLLC. Our team of experts is ready to assist you throughout the whole ordeal. We also offer personalized solutions and live support. You can expect our service to meet the unique needs of your business.
North Carolina Reinstatement FAQs
Can you change your registered agent on the reinstatement?
No, but you can update the information on the annual report you will attach to the reinstatement form.
How many annual reports can your company fail to submit before the state prohibits reinstatement?
You can apply for reinstatement no matter how many annual reports your company has failed to submit. North Carolina does not have a limit for missed annual reports.
How long can your company be inactive with the state before it has to start over as a new business entity?
You can reinstate your North Carolina company at any time since there is no deadline. However, the name of an administratively dissolved company will only be safe for five years. After that, it will be available to other business entities.