ReInstate your Business Entity Online!

Category : Re-Instatement
Posted On : 13th Aug 2014

 

 

There may be many reasons why your business entity has has been forfeited

 

  • Franchise Taxes were not filed
  • Annual or Biennial Reports were not filed
  • State returns were not filed
  • Periodic Reports were not filed on time

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    How to reinstate a forfeited business entity?

     

    First you have to find out the reason why you business entity was forfeited and follow the protocol instructeed either by any professional you have retained to bring it in a good standing or secratary of state office. You have a limited time to reinstate your company before it is permenantly forfeited by the secretary of state.

     

    InfoTaxSquare.com can help you to find out the reason of forfeiting your business enity completely free. Please call us at 1(516) 822.3100 or email at support@infotaxsquare.com.

 

Nashib Umer

(Original Author)

InfoTaxSquare.com, Inc. All Rights Reserved

4 Reviews from our clients

What people say about this article

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Tiffany

15th Mar 2016

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Me and a friend/business partner are opening up our own boutique. We'll be launching a website later this year in hopes of opening up a store front within a few years. I'm not sure if it would be okay just to apply for "partnership" and then later down the road if we do open up a store; we can apply for "LLC" ....?

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Reply from: infotaxsquare.com | 2016-03-19

What state do you want to incorporate either your partnership or LLC? Because most of the states do not allow you to convert partnership to an LLC.

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Warren

5th May 2010

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Why pay FUTA and state unemployment when you are the owner?

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Reply from: infotaxsquare.com | 2010-05-05

It is only required If you are pulling out payroll from business. If you have structured your business as a  corporation and have profit then both taxes are required to pay along with your p.roll taxes but If you have structured your business as an LLC (Limited Liability company) then you are not required to pay Federal Unemployment Taxes (FUTA) an (U.I) Unemployment taxes.

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Renee

3rd Feb 2010

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I am a chiropractor, been in practice for 10 years as a sole proprietor, have been told i should incorporate. Which one is best for me LLC or S corp, and what are the differences tax wise. Thank you

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Reply from: infotaxsquare.com | 2010-02-03

Dear Renee:

Thanks for choosing InfoTaxSquare.com for your business needs. If you form an LLC you can not avoid paying self-emploment taxes on your entire income. While you form an s-corporation you just have to  pull out reasonable salary and on rest of the income you will pay just federal, state and local taxes. If you want to read more in detail please read the following link.

Comparison Link:
Link to apply for an S-corporation:
https://www.infotaxsquare.com/processor/order-init.php?o=co

Link to apply for an LLC:
https://www.infotaxsquare.com/processor/order-init.php?o=co

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