Why Do You Need Arizona Reinstatement For Your LLC or Corporation?
When a company fails to comply with state obligations, it will have to face noncompliance fines and may fall out of its good standing status. If it remains a delinquent or inactive business long enough, the state may end up dissolving it administratively and revoke the benefits that come with the entity type, then a company must complete an Arizona reinstatement form.
What Is Needed To File For Arizona Reinstatement?
If a company wants to return to good standing with the state after administrative dissolution, it will have to go through the reinstatement process. With this, the business entity gets a chance to correct its mistakes and settle its pending obligations.
The reinstatement process depends on state laws. In Arizona, a dissolved company will have to go through a multi-step process. The first thing you need to do is to determine the reason why your organization fell into a bad standing status. The next steps you will need to accomplish will depend on your business entity type.
LLC – Limited liability companies (LLCs) in Arizona can file for reinstatement within 6 years from the date of dissolution. Your company has to file the delinquent documents, fees that are due, and the reinstatement fee with the Arizona Corporation Commission (ACC). Your next step will depend on the reason for the dissolution.
- Failure to maintain a registered agent or deliverable address – File Statement of Change of Address of Known Place of Business Statutory Agent form.
- Inability to pay necessary fees due to insufficient check funds – Pay the original fee plus $10.
- Failure to publish notice of Articles of Organization – Publication of the document.
- Expiration of LLC – File Articles of Amendment to extend its life.
Corporation – The state may administratively dissolve your company due to failure to file annual reports or pay your annual registration fee within 60 days. Other possible reasons include the following:
- Failure to have a statutory agent or known place of business in Arizona
- Failure to notify the ACC within 60 days that your agent resigned or that you have changed your place of business
- The expiration of the duration period of your corporation
In that case, Arizona corporations have to file a completed Application for Reinstatement with the ACC. You can send it by fax, mail, or in person. Your company will also have to attach a cover letter. Copies of these documents are available online. You will also need to pay for the reinstatement fee and other fees for your unfiled annual reports.
How Much Will It Cost For Arizona Reinstatement?
LLC – The reinstatement fee for Arizona LLCs is $100. If the company has unpaid obligations, then you will also have to pay for those plus an additional $10 fee.
- Statement of Change of Known Place of Business or Statutory Agent – $5
- Articles of Amendment – $25
Corporation – The cost of reinstatement for Arizona corporations is $100. If you choose expedited filing, then you will have to pay another $35.
How Long Will This Process Take?
The ACC normally takes around 20 working days to process documents. Expedited processing is around 3 business days.
What Is Required On The Forms?
LLC – Determine whether the changes are on the place of business, statutory agent, or articles of amendment and use the corresponding form.
Corporation – The form requires the name of the company, date of dissolution, and an attachment that details why the grounds for dissolution do not exist or a full statement of the actions the company has taken to eliminate these grounds.
What Cannot Be Changed On The Forms?
LLC – You cannot make changes on your members and/or managers using any of the reinstatement-related forms. For this transaction, use the Articles of Amendment.
Corporation – As for Arizona corporations, you cannot change your registered agent or principal address using the Arizona reinstatement form. If you need to make these changes, then you have to file a completed Statement of Change of Address of Known Place of Business Statutory Agent form. You also cannot add or remove officers and directors. You will need to file an Articles of Amendment. This form also applies if you need to change your company name.
What If My Company’s Name Is In Use When I Need To Reinstate?
Your company name will be on hold for 6 months after the dissolution date. After that time, another business entity can take it. If that happens, you will have to follow the naming regulations of the state.
How Can DoMyLLC Assist With Streamlining?
Getting your Arizona company back into good standing with the state requires you to follow multiple steps. However, the process will depend on the structure of your business. Completing all necessary transactions and paperwork can be a bit overwhelming, especially if you have never done it before.
If you think you need help, contact a reliable 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 be suitable for the specific needs of your business.
Arizona Reinstatement FAQS
No, the only way for an Arizona company to change its registered agent is through the Statement of Change of Known Place of Business or Statutory Agent. You can download a copy of the form online.
Does the state allow companies to change members/managers or officers/directors on the reinstatement?
No, you will have to file an Articles of Amendment form with the ACC. You can change the officers or directors of a Corporation on the annual report as well.
How long can your company be inactive with the state before it has to start over as a new business entity?
The Arizona reinstatement period is 6 years. If you fail to complete the process after that time, then you will have to form a new business entity.
Arizona Business Resources
Arizona Office of Secretary of State
Arizona Corporation Commission
1300 West Washington Street
Phoenix, AZ 85007-2929