Sign up for email updates from SBAReceive helpful business tips and upcoming events in your area.


Privacy Policy
Log in to SBA.gov:
Enter your SBA.gov username.
Enter the password that accompanies your username.

Community Header Banner

LLC Admin Dissolved In NC

by charlieharper, Performer

  • Created: September 27, 2010, 11:51 am
Share:
6 comments

First thanks in advance for any insight on this issue. I really do apreciate your time.

 

When I was younger and lost my job I started my own LLC doing IT consulting. I thought starting an LLC is what I had to do at the time instead of just being a sole proprietor. I worked for myself for a while and then hard times hit and I had to get a job working for a company again. Being young and ignorant about things I did not do anything with the LLC.

 

Now 10 years later and 10 years wiser I have a dilima. My LLC was admin dissolved. Now I DO have things to protect like cars, house, wife, and child etc. as far as liability exposure is concerned. Looking at the information for reinstatement I will have to pay $1750 in fees and annual reports to reinstate and rename my LLC. So here is my question:

 

Can I simply register a new LLC ignoring the old one as if it never existed to me?

 

Tags: Discuss Popular Topics, Starting & Registering a Business
‹ Business License if Overseas... Question regarding permit - Marketing Agency ›

MaryAnnB | Creator | 10/4/2010 - 3:17 pm

'Looking at the information for reinstatement I will have to pay $1750 in fees and annual reports to reinstate' I am in the same boat for a client. But in that case, it is an Incorporation, not an LLC. I posted the thread above 'Delaware Fees'. It has been more than 10 years that he paid any fees. He would like to have a new company but he is registered with the old one, has TIN, Taxpayer ID, etc. Will this have any detrimental effect on his new company? What will happen to the old company?
Professional Web Site: http://proxy.us

alfredlive | Creator | 9/29/2010 - 12:45 am

Yes can have a new one. An attorney can have this reinstated.
Professional Web Site: http://www.testcountry.com/

charlieharper | Performer | 9/28/2010 - 5:07 pm

Thanks very much for your responses. That is what I am going to do.

oscarwatkins401 | Window Shopper | 9/28/2010 - 1:35 pm

Yeah. Forget the old one and register a new one. ---This post was edited to remove a commercial link. Read our discussion policies for more Community best practices.

jamith | Contributor | 9/28/2010 - 3:42 am

Generally, this reactivation is permitted within a period of 5 years from the date of dissolution and in your case it is 10 years, so my answer is yes register a new LLC ignoring the old one.
Professional Web Site: http://ukpb.co.uk/

JimD | Former Moderator | 9/29/2010 - 5:06 am

Thank you for the replies. Please only add new ideas or use the Kudos if you agree.