How to Reinstate a Delaware LLC or Corporation After Being Voided
In our last blog, we covered the bittersweet but sometimes necessary process of dissolving a Delaware LLC or corporation. For some, the need to dissolve a business arises after the company has been voided by the state. This usually happens when the company neglects or falls behind on paying their annual franchise tax fees. In Delaware, if you’re two years behind on paying your franchise tax fees, you’re at risk of being voided and losing your Good Standing status with the state.
Whether you’re a business owner or not, you don’t want the taxman knocking on your door. If your Delaware LLC or corporation has been voided, don’t worry -- all is not lost. You can easily reinstate your Delaware corporation or LLC. We break down the simple process below.
File a Certificate of Renewal/Revival
In order to revive your business and get it back into Good Standing with the state, you need to file a Certificate of Renewal/Revival. This State of Delaware Certificate of Renewal/Revival is a one-page document that requires legal information about your Delaware corporation or LLC including the company name, registered address, the incorporating date, the reinstatement date, and a testimony signature. This Certificate can be ordered through DBI’s website here.
Pay Back Any Accrued Back Franchise Taxes, Interest, and Penalties
Before you can file the Certificate of Renewal/Revival, you will need to pay back any and all past due franchise taxes, interest, and penalties accrued from the void. If you’re not sure how to track down these amounts, this is where a registered agent like DBI can help. We will check for the the balances due, prepare the necessary legal forms, and file the necessary documents with the state.
Voila! The Void is Now...Voided
With this simple two-step process, you can renew and reinstate your Delaware LLC or corporation. Once you’ve filed the Certificate with the state and repaid all the necessary fees, it will only take a few days to return to Good Standing in the state of Delaware.
As a registered agent, DBI is proud to provide the services to help you revive your company. Our process is easy, accessible, and affordable. With a $185 processing service fee plus state fees, we’ll process the legal documentation, prepare the back taxes and fees, and help to secure your reinstatement with the state of Delaware. You don’t even have to be a current client of DBI in order to reinstate through us. If you’re looking to revive or reinstate your Delaware LLC or corporation after a void, you can visit our reinstatement page here or call to speak to one of our licensed agents at 302-996-5819 or 1-800-423-2993.