State Licensing Compliance
- Entity Management
- Business Licensing
- Tax Registration
We're Here To Help
Registrar Agency is a Business Advocate and was develop to help business owners maintain their active legal status. We aim to make the process as simple as possible by helping companies stay compliant to avoid suspension or revocation from the state they are registered in.
Tired of the Annual Report Hassle? We let you focus on what matters. Though built with good intentions, State and Government Agencies have websites or policies that can be challenging to navigate for business owners. We have stremlined the registration and renewal processes on your behalf. Our comprehensive advocate service takes care of everything from information gathering to final filing to renewals. Our team of experts ensures your fillings are accurate, timely, and meet all compliance requirements. Saving you valuable time and resources.
Quick Easy Step By Step Guidance
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Business Filing
Prepare annual meeting minute filings
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Annual Report
Statement of formation or periodic report filings
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Curing Delinquency
Even in difficult times, we are ready to help
Focus on Your Business. We'll Handle the Rest
- Save Time & Money: Free your team to focus on core business activities. We handle the entire annual report process efficiently and affordably.
- Reduce Errors & Omissions: Our team of experts ensures accuracy and compliance, keeping your company in good standing with regulatory authorities.
- Never Miss a Deadline: Relax! We track due dates and ensure timely filing, eliminating the risk of penalties.
- Easy Access & Peace of Mind: Access your filing history securely online, with the peace of mind that everything is handled professionally.
What Happens When A Corporation Becomes Inactive
When a corporation becomes inactive, it typically means that the business is no longer operating or has been dissolved. This can happen for a variety of reasons, such as financial difficulties, changes in ownership, or legal issues. In most cases, an inactive corporation will be dissolved by the state in which it was incorporated. This typically involves filing paperwork and paying any outstanding fees or taxes. Once a corporation is dissolved, its assets will be distributed among its shareholders, and it will no longer have the ability to conduct business or enter into legal agreements.
What Happens To A Dissolved Business
Letting a business lapse can have a number of negative consequences, depending on the specific circumstances and the laws of the state in which the business is incorporated. Some possible negative actions that can happen from letting a business lapse include:
- Dissolution: If a business is no longer operating or is not in compliance with state laws, it may be dissolved by the state. This typically involves filing paperwork and paying any outstanding fees or taxes. Once a business is dissolved, its assets will be distributed among its shareholders, and it will no longer have the ability to conduct business or enter into legal agreements.
- Liability: If a business is dissolved and it has outstanding debts or liabilities, the shareholders or owners may be held personally liable for those debts.
- Loss of asset protection: If a business is dissolved, the owners or shareholders may lose the liability protection that the business structure provided.
- Loss of credibility: A dissolved business may lose credibility among customers, suppliers, and partners, which can negatively impact the ability to conduct business in the future.
- Legal issues: A dissolved business may be subject to legal issues such as lawsuits from creditors or from customers who have been harmed by the dissolution of the business.
- Loss of ability to conduct business: Once a business is dissolved, it can no longer conduct business or enter into legal agreements.
- Difficulty in reopening: Reopening a dissolved business can be difficult and may require legal assistance, and may also require the payment of penalties, fines or back taxes.
It's important to be proactive and address any compliance or financial issues before they lead to dissolution to avoid any negative actions. And it's best to seek legal advice from an attorney experienced in corporate law in the state of incorporation.
Can A Dissolved Business Continue To Opperate
It is possible that a bank may close an account if a business is inactive or dissolved. Banks have the discretion to close accounts if they believe that the account holder is no longer in compliance with the bank's policies or if the account is no longer in good standing.
If a business is inactive, the bank may close the account if there have been no transactions for an extended period of time. Banks may also close an account if the business is dissolved and it is no longer in compliance with state laws.
Additionally, if the account is used for business purpose, banks may also close the account if they find out that the business is no longer operating or has been dissolved. This can happen even if the account has a positive balance.
It's important for the account holder to notify the bank of the change in status and to follow the bank's instructions for closing the account and transferring any remaining funds. It's best to check with the bank regarding their policies on inactive and dissolved business accounts.
Renewal Process
- Your business was notified that it was or is in the process of expiring and requires renewal
- Upon creating login a payment will be required to maintain your business status
- Upon authorized payment your business profile is tasked in work queue to process as an updated registration
- Сonfirmation of payment will be sent by email, along with 2nd email confirmation of correct document/license status
Manage Your Business Online
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RENEW / REACTIVATE
Annual report submission.
