Why Do You Need Hawaii Reinstatement For Your LLC Or Corporation?
Failure to comply with state obligations may lead a company to lose its good standing, which may also cause administrative dissolution. Hawaii reinstatement provides a chance to restore this status and settle pending issues.
What Is Needed To File For Reinstatement?
The reinstatement process varies depending on the state where you are operating your business. In Hawaii, the first thing that administratively dissolved companies have to do is to settle the cause of the termination. Here are the common reasons that may lead to this situation:
- Failure To File Annual Reports For Two Years
- Failure To Maintain Or Appoint A Registered Agent
- Failure To File Formal Paperwork To Inform The State Of Any Changes To The Registered Agent And Office Address
- Failure To Pay The Required Fees
Next, you have to obtain a tax clearance certificate from the Department of Taxation. You can do this by submitting a completed Tax Clearance Application form. This document will clear your company of any tax liability.
In case your business entity has not addressed its tax requirements, you will have to submit all past filings and pay the corresponding fees. If you are not sure whether you are behind on your taxes or not, contact the Department of Taxation. File the application form by fax, by mail, or online. The department may take around 10-15 business days to finish processing your document. If you file in person at a district tax office, you can expect it on the same business day.
Once you get your tax clearance certificate, you have to file an Application for Reinstatement with the Business Registration Division (BREG) of the Department of Commerce and Consumer Affairs. Make sure you attach the certificate and all late annual reports. You can submit your documents by fax, by mail, or in person using the following information:
Fax:
(808) 586-2733
Mail:
P.O. Box 40
Honolulu, Hawaii 96810
Walk-In:
King David Kalakaua Building
335 Merchant Street, Room 201
Honolulu, Hawaii 96813
How Much Will It Cost To Reinstate?
LLC – The fee for LLC reinstatement filings is $25. Expedited processing costs an additional $25.
Corporation – The filing fee for corporate reinstatement filing will depend on the entity. Generally, it is $25. If you are a nonprofit, it will cost $10. If you want to speed up the processing time, you will have to pay another $25.
How Long Will This Process Take?
The BREG normally takes around 5 business days to finish processing Hawaii reinstatement documents. Expedited service is around 1-3 business days. Meanwhile, the Department of Taxation usually finishes within 10-15 business days. The whole ordeal may take up to 20-30 business days.
What Is Required On The Forms?
LLC – To complete the forms, you will need the following:
- Entity Type
- LLC Name
- Date Of Dissolution
- Total Amount Of Delinquent Fees Or Penalties
- List Of Delinquent Annual Reports
- Tax Clearance Certificate
- Name, Title, And Signature Of The Authorized Representative
- Signature Of A Manager (Manager-Managed) Or A Member (Member-Managed)
Corporation – The following information has to be provided by corporations:
- Entity Type
- LLC Name
- Date Of Dissolution
- Total Amount Of Delinquent Fees Or Penalties
- List Of Delinquent Annual Reports
- Tax Clearance Certificate
- Name, Title, And Signature Of The Authorized Representative
- Signature Of An Officer
What Cannot Be Changed On The Forms?
LLC – You cannot change your registered agent or office address, the company’s principal office address, and the members or managers.
Corporation – The Hawaii reinstatement form does not allow you to change your registered agent or office, the corporation’s principal office address, and the officers or directors.
What If My Company’s Name Is In Use When I Need To Reinstate?
It’s possible for administratively dissolved Hawaii companies to lose their original names. If another business entity takes your company name before you reinstate, you will have to use a new one.
How Can DoMyLLC Assist With Streamlining?
A Hawaii company needs to be in good standing to make sure that all its operations are legal. If the state administratively dissolves your business entity, you will have to go through the Hawaii reinstatement process.
For people who have never gone through it before, the procedure may be confusing and time-consuming. If you want a hassle-free transaction, contact a seasoned third-party organization like DoMyLLC. We offer personalized solutions and live support.
Hawaii Reinstatement FAQS
No, the reinstatement form does not give you the option to change the registered agent or office address. Instead, you can do so by using the Change of Registered Agent by Entity form or updating the information in your latest annual report.
If your company does not file annual reports and pay the fees for two years, BREG will administratively dissolve it.
The state gives administratively dissolved companies two years to reinstate their businesses. If that period has passed, you will have to form a new business entity if you want to operate again.
Hawaii Business Resources
Hawaii Office of Secretary of State
Phone Number:
(808) 586-2744
Address:
Department of Commerce and Consumer Affairs
PO Box 40
Honolulu, HI 96810