A firm is primarily dissolved due to several reasons. If you are operating a firm and you are not compliant, you will be risking its closure by the Companies House. You may be given a first and second warning, but continued ignorance or failure to comply will lead to the closure of the firm. Another reason that makes the firm to be closed is when the directors wish to terminate it. This is referred to as the voluntary closure of the company. In case you wish to restore the firm, several steps have to be followed. Check out the steps to reinstating a company below.
The two main ways that are followed when reinstating a firm include a court order or following the administrative restoration. This will, however, depend on the reason why the establishment was dissolved. These processes have different complexities, cost, and time taken. In case you voluntarily dissolved your firm, you can restore it through a court order.
Several requirements have to be met for the establishment to be restored by Companies House or court order. Hence, you must first find out whether you qualify for reinstatement. If you fail to be eligible for the restoration, your firm will remain closed. Therefore, you must make sure that you check your eligibility and follow all the processes required to meet all eligibility requirements.
If Companies House closed down your firm, you must make sure you qualify for reinstatement before making any applications. The application process is lengthy, but you must follow it if you want to succeed. Make sure you fill all the forms and meet all requirements. Go through the application to check whether you have missed something before you submit it.
During the application, include the name of the company, its registration number, and acquire a compliance statement. This statement will show that you qualify for the restoration. In case you have any penalties, you should clear them in time. Also, the application and reinstatement fee should be paid to this organization. The process should be followed carefully to avoid missing something. Hence, check whether you are eligible and start the application process early.
The organization will take about two weeks to review the application. They will go through every document to check whether you have submitted everything and you qualify for restoration. The applicants thus wait for the feedback for approximately two weeks. The feedback you get may either be positive or negative.
After that, Companies House will send you an email notification informing you about the restoration of the firm to the online register. Your firm will be active again, and people will be able to see it on the online registry. Also, Companies House will publish the restoration of the establishment in the Gazette.
In the event the application does not go through, you will be informed of the same as well. Also, you will be notified about the items you missed. You will thus be required to meet anything you did not during the initial application to continue with the restoration process.
The two main ways that are followed when reinstating a firm include a court order or following the administrative restoration. This will, however, depend on the reason why the establishment was dissolved. These processes have different complexities, cost, and time taken. In case you voluntarily dissolved your firm, you can restore it through a court order.
Several requirements have to be met for the establishment to be restored by Companies House or court order. Hence, you must first find out whether you qualify for reinstatement. If you fail to be eligible for the restoration, your firm will remain closed. Therefore, you must make sure that you check your eligibility and follow all the processes required to meet all eligibility requirements.
If Companies House closed down your firm, you must make sure you qualify for reinstatement before making any applications. The application process is lengthy, but you must follow it if you want to succeed. Make sure you fill all the forms and meet all requirements. Go through the application to check whether you have missed something before you submit it.
During the application, include the name of the company, its registration number, and acquire a compliance statement. This statement will show that you qualify for the restoration. In case you have any penalties, you should clear them in time. Also, the application and reinstatement fee should be paid to this organization. The process should be followed carefully to avoid missing something. Hence, check whether you are eligible and start the application process early.
The organization will take about two weeks to review the application. They will go through every document to check whether you have submitted everything and you qualify for restoration. The applicants thus wait for the feedback for approximately two weeks. The feedback you get may either be positive or negative.
After that, Companies House will send you an email notification informing you about the restoration of the firm to the online register. Your firm will be active again, and people will be able to see it on the online registry. Also, Companies House will publish the restoration of the establishment in the Gazette.
In the event the application does not go through, you will be informed of the same as well. Also, you will be notified about the items you missed. You will thus be required to meet anything you did not during the initial application to continue with the restoration process.
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