What does it mean when LLC status is revoked?

Companies that fail to meet their annual filing obligations risk losing their good standing. If you’ve forgotten to file the right forms or delayed payment, individual states can take action against your business by dissolving your corporation or limited liability company (LLC) and revoking its status.

How do I reinstate my revoked LLC in Nevada?

To reinstate a revoked entity, call the Secretary of State’s Office at (775) 684-5708 or email [email protected].

What does permanently revoked mean?

Permanent revocation. For the purposes of this article, when we say a license has been “revoked” it means taken away permanently. The state of California only does this for the most serious DUI charges and some repeat offenders.

What is registered agent revoked?

In most cases the state will grant a window of time in which the company can assign a new registered agent. If the company fails to assign a new registered agent then the state will eventually revoke or dissolve the company for non compliance.

Can you sue a revoked company?

Suing a dissolved corporation is possible because the company still legally exists. Dissolution is only the first step. Regardless of the legal structure of your business, you must follow the proper procedures. DBAs and sole proprietorships have fewer steps to follow but are not immune to lawsuits.

What does entity status revoked mean in Nevada?

A business entity in Nevada, whether an LLC, corporation, professional corporation, PLLC, limited partnership, etc., must be renewed annually. If it remains in default for one year, the business charter is revoked. And if nothing is done for another 5 years, the entity is permanently revoked.

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

How much will it cost to revive a Nevada LLC? Nevada charges a $300 reinstatement fee. However, you’ll also have to pay separate filing fees for each form in your reinstatement packet and any applicable late fees.

What does it mean when an LLC is in default?

If you are a Title 7 entity and your entity status is listed as “Default”, it means you did not file an Initial or Annual List of Officers/State Business License by the due date.

What is an example of revoke?

To revoke is to take away something, to render some decree that has already been made unenforceable, or to make something invalid. An example of revoke is when a doctor has his hospital privileges taken away. An example of revoke is when a prison sentence is canceled and the prisoner is let free.