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 first step you will be required to do is checking whether you are eligible. You cannot start any process before checking your eligibility status. A qualified applicant must fulfill some conditions. For instance, your firm must have been struck off from the register of the Companies House. More so, you must be a Director or a Shareholder of the firm. The application for reopening must be made within six years from the dissolution date. Also, the firm must have been functional when it was struck off.
If you meet all the above conditions and others that are also necessary, you can proceed with the restoration procedure. Some of the options that are available for such an exercise are reopening through a court order. Other reasons for the restoration of a company include creditors who want their debts to be covered. The creditors can thus support the resolution motion in court.
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.
Some of the other documents include a cheque directed to Companies House to cover the expenses. In addition to that, you will submit all the documentation of the firm. Each document will be accompanied by a small fee, which is not part of the cheque.
After you submit all the required documents and pay the entire required fee, the processing of your application will commence. Normally, the process takes two to three weeks. After that, the Companies House will inform you of their final decision. The news may be negative or positive.
In case your application goes through, and your firm is reopened, you will receive a notice for the same. Then, the resolution will take effect immediately. This means that the name of your company will reappear in the online register immediately. The local Gazette will also publish the notice for the restoration. This means that everyone will know that your firm has been reopened. However, the Companies online file will retain the reasons that led to the dissolution of the firm.
Sometimes your application might be rejected. The main reasons for such an incidence are failure to submit all the required documents. Therefore, upon submission of the necessary paperwork, the process can continue. However, if your application is rejected due to other reasons, you can consider other restoration alternatives. For instance, you can apply for a court order for the restoration.
The first step you will be required to do is checking whether you are eligible. You cannot start any process before checking your eligibility status. A qualified applicant must fulfill some conditions. For instance, your firm must have been struck off from the register of the Companies House. More so, you must be a Director or a Shareholder of the firm. The application for reopening must be made within six years from the dissolution date. Also, the firm must have been functional when it was struck off.
If you meet all the above conditions and others that are also necessary, you can proceed with the restoration procedure. Some of the options that are available for such an exercise are reopening through a court order. Other reasons for the restoration of a company include creditors who want their debts to be covered. The creditors can thus support the resolution motion in court.
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.
Some of the other documents include a cheque directed to Companies House to cover the expenses. In addition to that, you will submit all the documentation of the firm. Each document will be accompanied by a small fee, which is not part of the cheque.
After you submit all the required documents and pay the entire required fee, the processing of your application will commence. Normally, the process takes two to three weeks. After that, the Companies House will inform you of their final decision. The news may be negative or positive.
In case your application goes through, and your firm is reopened, you will receive a notice for the same. Then, the resolution will take effect immediately. This means that the name of your company will reappear in the online register immediately. The local Gazette will also publish the notice for the restoration. This means that everyone will know that your firm has been reopened. However, the Companies online file will retain the reasons that led to the dissolution of the firm.
Sometimes your application might be rejected. The main reasons for such an incidence are failure to submit all the required documents. Therefore, upon submission of the necessary paperwork, the process can continue. However, if your application is rejected due to other reasons, you can consider other restoration alternatives. For instance, you can apply for a court order for the restoration.
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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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