There may come a time when your organization may be suspended due to a number of reasons. This should not be the end of meeting your goals as there is still light at the end of the tunnel. Restoring a dissolved company can be achieved when the right procedure is followed. This article explores the process that will help getting your firm back to work.
There are two known ways in which one might be able to get his corporation back after being closed. They are; Administrative restoration and restoration by court order. Administrative company restoration is possible when your corporation faced certain problems or if certain documentation was not filed in time. Restoration by court order can be made possible if an individual has legal claims against a closed firm.
If administrative enterprise restoration is an option that you want to try, ensure you qualify for the application. This process can be a success if your firm had been closed by the Registrar of firms. You also have to apply for it within six years after the organization was closed. The firm also needs to have been functioning at the period of closure.
If the above conditions have been met, the next step is to apply to Companies House for the administrative restoration. Several items ought to be sent in order to apply successfully. The registration number of your firm is required as well as a compliance statement confirming that one has a legal standing in order to make the application. A restoration fee must be paid with the firm number to avoid different confusions.
Any important documents like confirmation statements should be provided to the relevant authorities. This is to ensure that records are updated. In addition, any document that was overdue when the corporation was disbanded need to be provided. Any document that is penalized will have to be paid for as there is a penalty fee for such. A statutory penalty will apply if you file your account late.
When all the documentation are provided, the Companies House will then file the application. If everything is provided, this process will not exceed two weeks. A confirmation will then be sent if the process was possible or it failed. If it was possible, you will receive a notice followed by restoration of your corporation. All your assets which were temporarily held by the crown will be returned. If it was not possible, file for court orders.
There is a procedure to be followed when considering restoration by court order. It is important you get to know what is required before time to make sure everything is in place. All corporation documentation should be provided prior to the hearing. You will be required to pay a court fee and sign a claim form together with a witness statement at the court. As it is a straightforward procedure, all the required steps need to be followed to the letter so as to avoid delays.
When restoration by court order is the remaining option for you, ensure you look for independent legal advice. You will get a professional who will help you with the entire process. After the court hearing, you can get the firm back and resume daily operations without wasting time.
There are two known ways in which one might be able to get his corporation back after being closed. They are; Administrative restoration and restoration by court order. Administrative company restoration is possible when your corporation faced certain problems or if certain documentation was not filed in time. Restoration by court order can be made possible if an individual has legal claims against a closed firm.
If administrative enterprise restoration is an option that you want to try, ensure you qualify for the application. This process can be a success if your firm had been closed by the Registrar of firms. You also have to apply for it within six years after the organization was closed. The firm also needs to have been functioning at the period of closure.
If the above conditions have been met, the next step is to apply to Companies House for the administrative restoration. Several items ought to be sent in order to apply successfully. The registration number of your firm is required as well as a compliance statement confirming that one has a legal standing in order to make the application. A restoration fee must be paid with the firm number to avoid different confusions.
Any important documents like confirmation statements should be provided to the relevant authorities. This is to ensure that records are updated. In addition, any document that was overdue when the corporation was disbanded need to be provided. Any document that is penalized will have to be paid for as there is a penalty fee for such. A statutory penalty will apply if you file your account late.
When all the documentation are provided, the Companies House will then file the application. If everything is provided, this process will not exceed two weeks. A confirmation will then be sent if the process was possible or it failed. If it was possible, you will receive a notice followed by restoration of your corporation. All your assets which were temporarily held by the crown will be returned. If it was not possible, file for court orders.
There is a procedure to be followed when considering restoration by court order. It is important you get to know what is required before time to make sure everything is in place. All corporation documentation should be provided prior to the hearing. You will be required to pay a court fee and sign a claim form together with a witness statement at the court. As it is a straightforward procedure, all the required steps need to be followed to the letter so as to avoid delays.
When restoration by court order is the remaining option for you, ensure you look for independent legal advice. You will get a professional who will help you with the entire process. After the court hearing, you can get the firm back and resume daily operations without wasting time.
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