To reinstate a South Carolina corporation, file an Application for Reinstatement of a Corporation Dissolved by Administrative Action with the South Carolina Secretary of State (SOS).

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

What do I have to do before I Dissolve a South Carolina Corporation?

1. Hold a Directors meeting and record a resolution to Dissolve the South Carolina Corporation.
2. Hold a Shareholder meeting to approve Dissolution of the South Carolina Corporation.
3. File all required Annual Reports with the South Carolina Secretary of State.

In most states, it’s allowed for an LLC’s articles of dissolution to include a future dissolution date. If reinstatement is not available in a specific state, the only option for reactivating an LLC that has been dissolved is to form a new limited liability company using the old name of the dissolved LLC.

Updated July 13, 2020: Admin dissolution for annual report definition is the temporary removal of a company’s ability to conduct business in the state of registration because they failed to file the required annual reports or follow other legal guidelines.

The Short Form Dissolution Certificate (Form DSF STK) may be used to dissolve a California stock corporation if it is filed within twelve (12) months from the date the Articles of Incorporation were filed with the California Secretary of State, and if the corporation can say ALL the required statements set forth in …

How to Dissolve a Nonprofit Corporation in South Carolina

1. Authorizing Dissolution.
2. Initial Notice to Attorney General.
3. Articles of Dissolution.
4. “Winding Up”
5. Notice to Creditors and Other Claimants.
6. Final Notice to Attorney General.
7. Federal Tax Note.
8. Additional Information.

If your corporation was involuntarily dissolved because of an administrative oversight, your state’s laws may allow you to “cure” the deficiency within a specified time period by filing certain documents with the secretary of state’s office and paying fees to reactivate the company.

In legal terms, when a company is dissolved, it ceases to exist. It cannot still be trading – although a person may trade (misleadingly) using its name. So, your real customer is some other person or entity (perhaps the former owner or owners of the company).

Another term for Revocation is Administrative Dissolution. When a Corporation or LLC registers with the state as a legal business that business usually has certain tax and reporting obligations. The state will give the Corporation or LLC some time, usually sixty days, to remedy the deficiencies.

Proceeds from the Liquidation As the company nears the final stages of liquidation, any proceeds realised from the company’s assets will be distributed to the company’s creditors. Directors will not receive any proceeds from the company in their capacity as shareholders, as the company was insolvent.

Procedure for and effect of administrative dissolution. (a) If the Secretary of State determines that grounds exist under Section 33-14-200 (a) for dissolving a corporation, he shall mail written notice of his determination to the corporation.

(b) The Secretary of State shall dissolve a corporation pursuant to Section 33-14-210 (c) if he is notified by the Department of Revenue that the corporation has failed to file a required tax return within sixty days of the notice required by Section 12-6-5520.

(d) Revocation of dissolution is effective upon the effective date of the articles of revocation of dissolution. (e) When the revocation of dissolution is effective, it relates back to and takes effect as of the effective date of the dissolution and the corporation resumes carrying on its business as if dissolution had never occurred.

Known claims against dissolved corporation. (a) A dissolved corporation may dispose of the known claims against it by following the procedure described in this section. (b) The dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date.