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What is a business reinstatement?

Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entitys rights, powers and authority. Reinstatement is the action taken that restores an administratively dissolved business entitys rights, powers, and authority.

Should I reinstate my LLC or start a new one?

Generally, it is better to reinstate your current LLC than to start over. One of the purposes of having an LLC is the limited liability. If you start over, you lose the limited liability for the period of time from the dissolution to when you initate the new LLC.

Where can I reinstate my LLC?

After fixing the cause of noncompliance, the next step is for the entity to file a reinstatement ( sometimes called a revival) with the Secretary of State and pay any state fees. Reinstating a business requires filing with the Secretary of State, and often with the Department of Revenue or Taxation.

How do you reinstate your business in Illinois?

In Illinois, you must complete Form LLC-35.40, also called the Reinstatement Following Administrative Dissolution form. Update your information. You will then need to inform the authorities of your LLCs old name, new name if applicable, the date you dissolved it, and the name and address of your registered agent.

How much does it cost to reinstate a corporation in Illinois?

Form NumberForm NameFee BCA 12.45/13.60 Application for Reinstatement of Domestic or Foreign Corporations $200 BCA 13.15 Application for Authority to Transact Business in Illinois $150 BCA 13.40 Application for Amended Authority to Transact Business in Illinois $25 BCA 13.45 Application for Withdrawal and Final Report $2543 more rows

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How much does it cost to reinstate LLC in Illinois?

Form NumberForm NameFee LLC 35.15 Statement of Termination $5 LLC 35.22 Limited Liability Company Act Articles of Revocation of Termination $5 LLC 35.40/45.65 Application for Reinstatement Following Administrative Dissolution or Revocation $200 LLC 37.25 Articles of Merger $100+$50/entity (3 or more)46 more rows

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