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Effective Tips For Restoring A Dissolved Company

By Amy Richardson


There may come a time when your organization may be suspended due to a number of reasons. This should not be the end of meeting your goals as there is still light at the end of the tunnel. Restoring a dissolved company can be achieved when the right procedure is followed. This article explores the process that will help getting your firm back to work.

There are two known ways in which one might be able to get his corporation back after being closed. They are; Administrative restoration and restoration by court order. Administrative company restoration is possible when your corporation faced certain problems or if certain documentation was not filed in time. Restoration by court order can be made possible if an individual has legal claims against a closed firm.

If you are thinking of administrative restoration, it is imperative you confirm if you are qualified to apply. It will be possible if the organization had been struck off by the Registrar of firms. The procedure should be applied for not more than six years from the date it was disbanded. Another requirement is that the corporation should have been operational when it was disbanded. This application needs to be realized by the shareholder during the time it was closed.

The next step you should take is to apply to Companies House for Administrative firm restoration if you have met the above conditions. The following items must be sent to Companies House for a successful application; a compliance statement that confirms that you have a legal standing order for making an application and the registration code of your firm. A restoration fee will then be paid with the firm number indicated to avoid any confusion.

Important documents such as confirmation statements and accounts need to be provided. This will ensure that all records are updated. Also, all due documents at the date of dissolving should be provided. There is also a penalty fee for any outstanding document that will be penalized. There is also a statutory penalty especially if your account was filed late.

When all the documentation are provided, the Companies House will then file the application. If everything is provided, this process will not exceed two weeks. A confirmation will then be sent if the process was possible or it failed. If it was possible, you will receive a notice followed by restoration of your corporation. All your assets which were temporarily held by the crown will be returned. If it was not possible, file for court orders.

A court restoration order is easy following the right procedure. There are some requirements that should be provided. All documents pertaining the business should be made available before hearing. A claim form and witness statement needs to be signed. A court fee is required for the procedure. It is important to provide all documents to avoid delays and inconveniences.

When restoration by court order is the remaining option for you, ensure you look for independent legal advice. You will get a professional who will help you with the entire process. After the court hearing, you can get the firm back and resume daily operations without wasting time.




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