[Best Guide] How To Reinstate A Forfeited LLC In Texas

Reinstating a Limited Liability Company (LLC) that has been forfeited in the state of Texas is a process that requires the completion of several steps. In order to reinstate a forfeited LLC in Texas, the LLC must be in good standing with the Texas Secretary of State, all past due taxes and fees must be paid, and all necessary paperwork must be filed. This article will provide an overview of the steps necessary to successfully reinstate a forfeited LLC in Texas.

The first step in the process of reinstating a forfeited LLC in Texas is to obtain a Certificate of Good Standing from the Texas Secretary of State. The LLC must be in good standing with the Secretary of State in order for the reinstatement to be approved. Once the Certificate of Good Standing is obtained, the LLC must then pay all past due taxes and fees to the Texas Comptroller of Public Accounts.

Once both of these requirements are met, the LLC must then file the appropriate paperwork with the Texas Secretary of State in order to officially reinstate the LLC. The paperwork required includes a Certificate of Reinstatement Form and a Certificate of Resignation Form. Once the paperwork is filed, the LLC will be officially reinstated in the state of Texas.

How To Reinstate A Forfeited LLC In Texas

If you are a Texas business owner and your LLC has been forfeited, you may be wondering how to reinstate it. Fortunately, the process of reinstating a forfeited LLC in Texas is relatively straightforward. Here, we provide a step-by-step guide to help you reinstate your LLC.

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Step 1: Determine the Reason for Forfeiture

The first step in reinstating a forfeited LLC in Texas is to determine why the LLC was forfeited in the first place. This can be done by reviewing the relevant documents, such as the Articles of Organization and the Operating Agreement, as well as any notices from the state.

Step 2: File the Reinstatement Application

Once you have determined the reason for forfeiture, you must file an Application for Reinstatement with the Texas Secretary of State. This form can be found on the Secretary of State’s website. You must include the name of the LLC, the date of forfeiture, and the reason for forfeiture. You must also include a certificate of good standing from the Texas Comptroller of Public Accounts.

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Step 3: Pay the Reinstatement Fee

Once the application is filed, you must pay the reinstatement fee. The fee is $750 and must be paid to the Texas Secretary of State.

Step 4: Update Your Records

Once your LLC is reinstated, you must update all of your records to reflect the reinstated status. This includes updating the business address, filing any delinquent tax returns, and filing any necessary reports with the Secretary of State.

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Step 5: Notify the IRS

Finally, you must notify the IRS of the reinstatement. You can do this by filing Form 966, which is a Notification of Dissolution or Revocation.

Reinstating a forfeited LLC in Texas is a fairly straightforward process. However, it is important to note that the process can take some time, so you should plan accordingly. Additionally, you must be sure to follow all the steps outlined above in order to ensure that your LLC is properly reinstated.

How much does it cost to reinstate an LLC in Texas?

Reinstating an LLC in Texas can cost between $300 and $500 in filing fees, depending on the type of entity and the length of time before the reinstatement is completed. Additionally, any past due annual reports and franchise taxes must also be paid before the LLC will be reinstated.

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What does it mean when an LLC is forfeited in Texas?

When an LLC is forfeited in Texas, it means that the entity has failed to file its state mandated annual reports and franchise taxes for a period of time. This failure to comply with the state’s requirements will result in the LLC’s forfeiture, which officially dissolves the entity.

How long does it take to reinstate an entity in Texas?

The reinstatement process of an LLC in Texas usually takes between two and four weeks, depending on the complexity of the filing. The time frame also depends on the availability of the documents that must be submitted, such as the annual report and franchise taxes.

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Does a Texas LLC expire?

No, a Texas LLC does not expire. However, if the LLC fails to file its annual reports and franchise taxes, then the state will forfeit the LLC and it will be dissolved. Therefore, it is important to ensure that all filing requirements are met in order to keep the LLC in good standing.

Conclusion

Reinstating a forfeited LLC in Texas is a process that involves a few steps and can be done relatively quickly. With the help of the Texas Secretary of State, the LLC must obtain a Certificate of Good Standing and pay all past due taxes and fees.

Once these requirements are met, the LLC must then file the appropriate paperwork with the Texas Secretary of State in order to officially reinstate the LLC. Following these steps will ensure that the LLC is restored to good standing in the state of Texas.