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A firm can be struck off from the register due to one reason or the other. Hence, if your firm is closed, you can follow the normal procedure to reopen it. Most people become discouraged when their firms are closed. Nevertheless, it is imperative to apply for restoration so that it can be operational once more. Restoring a dissolved company is not a complicated procedure. You just have to follow the following steps.
The initial step that you have to do is checking your eligibility. Therefore, before you start the process, it is advisable to check whether you are eligible for the administrative restoration. For you to be eligible, you must have been shareholder or director of the firm. Also, you must make the restoration request within the first six years of dissolution. Another factor that makes you eligible is whether the business was operating when it was dissolved.
If you meet these conditions, you are allowed to continue with the procedure to reopen your firm. There are several applicable options that you can consider. One of them is by court order, and the other one is through the Companies House. A court order is usually considered if the Companies House rejects your application.
The next step is making an application to the Companies House and request for administrative resolution of your firm. There are several documents that you will be needed to send with your application. These include the name and registration number of the company and a compliance statement that confirms your eligibility.
Others include a cheque directed to Companies House. This cheque will cover all the services that you will receive. All the outstanding documents will also be required hence you must ensure that they are up to date. You will pay the specified amount for each type of document. This fee is not included in the cheque.
Once you have submitted all the necessary documents, make sure you have settled all the fees. Companies House will then start processing the application. You will receive feedback in two weeks. The feedback you receive can either be positive or negative depending on the nature of the application. Sometimes the process can take longer thus it is wise to start the application earlier to avoid delays.
You will then receive a notice of restoration from the Companies House. The effect of the resolution is that your firm will be considered to be operational as if it was not dissolved. It will therefore immediately appear as active in the online register of the Companies House. Also, a notice of the resolution of the firm will be published in the newspapers. Nevertheless, the reasons for the dissolution of the firm will remain in the filing history of the Companies House.
On the other hand, your application might be rejected due to one reason or the other. Mainly, if there is a rejection, you might not have submitted all the documents that were required. Therefore, ensure that you check all your papers to ensure you have all that requirements. In case the reasons are different, the claiming for a court order can help you restore the firm.
The initial step that you have to do is checking your eligibility. Therefore, before you start the process, it is advisable to check whether you are eligible for the administrative restoration. For you to be eligible, you must have been shareholder or director of the firm. Also, you must make the restoration request within the first six years of dissolution. Another factor that makes you eligible is whether the business was operating when it was dissolved.
If you meet these conditions, you are allowed to continue with the procedure to reopen your firm. There are several applicable options that you can consider. One of them is by court order, and the other one is through the Companies House. A court order is usually considered if the Companies House rejects your application.
The next step is making an application to the Companies House and request for administrative resolution of your firm. There are several documents that you will be needed to send with your application. These include the name and registration number of the company and a compliance statement that confirms your eligibility.
Others include a cheque directed to Companies House. This cheque will cover all the services that you will receive. All the outstanding documents will also be required hence you must ensure that they are up to date. You will pay the specified amount for each type of document. This fee is not included in the cheque.
Once you have submitted all the necessary documents, make sure you have settled all the fees. Companies House will then start processing the application. You will receive feedback in two weeks. The feedback you receive can either be positive or negative depending on the nature of the application. Sometimes the process can take longer thus it is wise to start the application earlier to avoid delays.
You will then receive a notice of restoration from the Companies House. The effect of the resolution is that your firm will be considered to be operational as if it was not dissolved. It will therefore immediately appear as active in the online register of the Companies House. Also, a notice of the resolution of the firm will be published in the newspapers. Nevertheless, the reasons for the dissolution of the firm will remain in the filing history of the Companies House.
On the other hand, your application might be rejected due to one reason or the other. Mainly, if there is a rejection, you might not have submitted all the documents that were required. Therefore, ensure that you check all your papers to ensure you have all that requirements. In case the reasons are different, the claiming for a court order can help you restore the firm.
About the Author:
You can get a detailed overview of the things to keep in mind when restoring a dissolved company at http://www.nevadadiscountregisteredagent.com/reinstate-your-default-or-revoked-nevada-company right now.
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