Why Do You Need A Texas Reinstatement For Your LLC Or Corporation?
When a company falls into bad standing, it may have to face noncompliance fines, and it will not be able to do business legally. Texas reinstatement is the process involving the settlement of issues and restoration of good standing status.
What Is Needed To File For Reinstatement?
If a company wants to get back into good standing with the state, it has to correct its mistakes through the reinstatement process. The steps to take and paperwork to file will depend on state laws.
In Texas, the first thing an administratively dissolved company has to do is to conduct a name availability search. You can do so on https://direct.sos.state.tx.us/acct/acct-login.asp. However, you will have to pay $1 every time you log in to this site. An alternative way is to call the Secretary of State’s office at (512) 463-5555.
The reinstatement form an administratively dissolved company has to submit will depend on the cause of its termination. If the company’s involuntary termination is due to missed annual franchise tax report filings, you will have to file an Application for Reinstatement and Request to Set Aside Tax Forfeiture. If the cause of forfeiture is the failure to maintain a registered agent, use the Certificate of Reinstatement form.
Aside from the appropriate reinstatement form, you will need to submit a Tax Clearance Letter to the Comptroller of Public Accounts. You will have to fill out and file a Tax Clearance Letter Request for Reinstatement form to obtain this document.
How Much Will It Cost To Reinstate?
LLC – The filing fee for reinstating an administratively dissolved LLC in Texas is $75. Expedited service requires an additional $25.
Corporation – An administratively dissolved corporation in Texas has to pay $75 in order to be reinstated. If you opt for expedited service, you will have to pay another $25.
How Long Will This Process Take?
LLC – The normal processing time for LLC Texas reinstatement filings is around 3-5 business days. If you choose expedited service, you can expect the document by the close of the next business day. As for the Tax Clearance Letter, you will have to wait for approximately 4-6 weeks.
Corporation – The processing of corporate reinstatement filings normally takes 3-5 business days. If you request expedited service, you can expect them to finish by the end of the next working day. As for the Comptroller of Public Accounts, they usually take around 4-6 weeks before they release the Tax Clearance Letter.
What Is Required On The Forms?
LLC
- LLC Name
- File Number From The Secretary Of State
- Under Which Provision The LLC Was Forfeited
- A Statement Certifying That The LLC Has Eliminated The Grounds For Dissolution
- Name And Signature Of The Authorized Representative
- Texas Taxpayer Number
- Name, Contact Number, And Signature Of The Requestor
- Name And Office Address Of The Registered Agent
Corporation
- Company Name
- File Number From The Secretary Of State
- Under Which Provision The Corporation Was Forfeited
- A Statement Certifying That The Corporation Has Eliminated The Grounds For Dissolution
- Name And Signature Of The Authorized Representative
- Texas Taxpayer Number
- Name, Contact Number, And Signature Of The Requestor
- Name And Office Address Of The Registered Agent
What Cannot Be Changed On The Forms?
LLC – Your LLC cannot change its principal address or the names and addresses of members and managers. You can only change the name and office address of the registered agent if the reason for dissolution is your failure to maintain a registered agent.
Corporation – You cannot change the principal address of your company and the names or addresses of officers and directors on the Texas reinstatement form. As for the name and office address of your registered agent, you can only change them if the reason for your dissolution is the failure to maintain a registered agent.
What If My Company’s Name Is In Use When I Need To Reinstate?
LLC – A Texas LLC has to use a distinguishable name. However, you may lose the right to your company name upon dissolution. If another entity has taken it when you reinstate, you will have to change it.
Corporation – An administratively dissolved Texas corporation forfeits its right to its name upon dissolution. If your original company name is no longer available, you will have to use a new one.
How Can DoMyLLC Assist With Streamlining?
Getting your Texas company back into good standing with the state requires you to follow multiple steps. However, the process will depend on the cause of dissolution. Completing all the necessary transactions and paperwork can be overwhelming, especially if you have never done it before.
If you think you need help, contact a reputable company like DoMyLLC. Our team of experts is ready to assist you throughout the whole ordeal. We also offer personalized solutions and live support, so you can expect our service to address the specific needs of your business.
Texas Reinstatement FAQS
That depends. If the cause of your company’s administrative dissolution is its failure to maintain a registered agent, then you can update that information.
A Texas company can miss many annual franchise tax reports. There is no limit as to the number of delinquencies.
An administratively dissolved Texas company can reinstate at any time. There is no deadline for it.
Texas Business Resources:
Texas Office of Secretary of State
Phone Number:
(512) 463-5555
Address:
Texas Secretary of State
PO Box 13697
Austin, TX 78711