Avoid Late Penalty Fees and possible loss of your entity name.
Now is the perfect time to avoid possible late penalty fees and to start thinking about the maintenance of your entity records. With the new year beginning; Corporations, LLC’s and Partnerships formed in previous years will be filing annual reports, biennial reports and or making annual tax payments. Many important due dates and deadlines depend on the your Corporation, LLC or Partnership’s state of formation, fiscal or calendar year and your entity’s formation date.
Failure to maintain your Corporation, LLC or Partnership records may impact your entity negatively by putting your entity in “no good” standing with the Secretary of State. Later, when trying to reinstate your Corporation, LLC or Partnership back into good standing, you will be faced with penalties and reinstatement fees. We want to help you avoid costly reinstatement fees by assisting you with the maintenance of your entity’s records.
For assistance and answers to all your filing requirements and to avoid possible late penalty fees and even possible loss of your Corporation or LLC name and to sign up for the following services with NestEggg acting as your Agent of Process and to keep your Corporation or LLC in good standing with the State by handling and paying for the following:
- Statement of information(s)
- Pay applicable state fee(s)
- Prepare and file your Annual Report
- Prepare Annual Meeting Minutes for your Corporate Documents
Doing the above can assist with not having to a CORPORATION OR LLC REINSTATEMENT
Reinstating a company is the process of returning a company that is in default or revoked status back to good standing within the entities state. Normally, a Corporation or LLC loses “good standing” because it has not filed it’s annual report, biennial report or not paid necessary fees to their state of formation. When a Corporation or LLC is not in good standing, the entity is not permitted to conduct business, other than the business of dissolving the entity or reinstating.
Reinstatement is an option for owners that want to continue using the same entity and it’s bank accounts and Federal Tax ID number. In addition, by reinstating your entity, you will continue to have the liability protection of a Corporation or LLC.
If your Corporation or LLC is not in good standing, we can assist you with reinstatement of your entity. We can include special resolutions and provisions in your Articles of Reinstatement authorizing an Indemnification Agreement which would trigger important protection requiring the Corporation or LLC to indemnify and hold harmless Shareholders, Directors or Officers of the Corporation or the Members or Managers of the LLC from any actions taken on behalf of the Corporation or LLC during the period of time the Corporation or LLC was not in good standing and after reinstatement.