A Quick Guide For Reinstating A Company

By Raymond Kelly


Companies are usually dissolved due to many different reasons. The main reason for dissolution is non-compliance. If you do not complete your annual taxes in time, your firm may be dissolved. Also, several other compliance issues may prompt Companies House to suspend the establishment. Another reason that may make the firm to be rendered inactive is voluntary. The firm owner may feel that the establishment is not making any progress and decide to put it down. However, you may wish to restore the establishment no matter the reason for the dissolution. If that is the case, this article will provide guidelines for reinstating a company.

Once a firm has been dissolved, it can be reinstated either through court order or through an administrative restoration. The path you take will be dependent on the reason for dissolution. The processes are different in all aspects, including time, their complexity, as well as the cost Restoration by court order, works for those who dissolved the company voluntarily.

The establishment can only be restored if the applicant meets the set requirements. The first thing the applicant must do is to check whether he/she qualifies for the application. If not, he/she must follow all the eligibility guidelines provided to make sure that the process is a success. In case you do not qualify to make the application, your firm will not be restored until all requirements are met.

The restoration process is complicated and lengthy, but this will depend on how you handle your application. The process may be simple to those who meet the requirements for the reinstatement. Therefore, it is wise to be aware of everything you are supposed to fill and complete every form carefully. Also, double check all the documents before submitting them.

During the application, include the name of the company, its registration number, and acquire a compliance statement. This statement will show that you qualify for the restoration. In case you have any penalties, you should clear them in time. Also, the application and reinstatement fee should be paid to this organization. The process should be followed carefully to avoid missing something. Hence, check whether you are eligible and start the application process early.

The next step is to submit the application to the organization. After that, the best thing to do is waiting patiently. Companies House will review the forms and check whether all the requirements have been met. If you included everything in the application, you will get feedback within two weeks. The feedback will be positive or negative, depending on how thorough you were.

After that, Companies House will send you an email notification informing you about the restoration of the firm to the online register. Your firm will be active again, and people will be able to see it on the online registry. Also, Companies House will publish the restoration of the establishment in the Gazette.

If it chances that the application failed, the organization will notify you and inform you of the things you missed. You may have failed to submit some forms or forgot to clear your penalties. For the restoration process to continue, you must complete the application and pay any outstanding costs.




About the Author:



Keine Kommentare:

Kommentar veröffentlichen