Reinstating a Corporation or LLC in New York 101
Reinstating a Corporation or LLC in New York is the process of restoring a delinquent business entity to good standing. A New York Corporation may still get revived years after having been administratively dissolved, within a few days of applying for reinstatement and paying the state fees. Keep in mind that to prevent the loss of your company name, you will have to file for a New York Corporation Reinstatement within two years of entity dissolution. Reinstating a Corporation or LLC in New York may require an updated Corporate Minutes Book, which we create, update, or replace for you as a part of our reinstatement process.
What happens if my corporation gets dissolved?
When your business entity gets administratively dissolved, in other words, loses good standing—you will have to pay State penalties and fees to get your New York Corporation reinstated. Also, doing business as a revoked corporation may lead to some of the following negative business and legal implications:
- The loss of your business license.
- Damages in credibility and reputation if an entity or individual becomes aware of your corporation’s delinquent status.
- Losing the personal liability protection of a business entity; becoming personally liable for all debts, claims and lawsuits, among other business and legal liabilities.
- You may have to obtain “tax clearance” or written evidence that your entity has cleared all past taxes and debts with the state.
Reinstating a Corporation or LLC in New York Instructions:
1) Visit our Reinstatement of a Corporation page here.
2) Gather and complete the following requested information:
- Does the Corporation have any current debts or liabilities?
- Name of Entity.
- Type of Entity (for profit, or other).
- The State of Incorporation.
- Year of Incorporation.
- Your Name, Phone Number, and E-mail.
- Your Position in Entity (Shareholder, etc.)
3) Submit your New York Corporation Reinstatement request and expect a response within 4 business hours!
Frequently Asked Questions
How long does the filing process take for a New York Corporation Reinstatement?
The reinstatement may take up to 2-4 business days.
Can I revive my corporation if I’ve missed several Annual Reports?
You can, but you’ll have to pay all missed annual report and late penalty fees.
Can I update my entity’s information when filing a reinstatement?
Yes, you can update officers, directors, shareholders, principal address, among other relevant entity information.
Can I change my Registered Agent when filing a New York Corporation Reinstatement?
Yes, you can update your registered agent when filing a reinstatement. Spiegel & Utrera, P.A. can act as your registered agent and office, keeping you updated of all official notices and annual reports to help you avoid getting your corporation dissolved.
Need to create, replace, or update your Corporate Kit?Spiegel & Utrera, P.A. provides a complete and customized corporate kit including:
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