What is a clearance letter for reinstatement?
FOR REINSTATEMENT. In order to reinstate an entity, the Secretary of State requires evidence that the entity is eligible to reinstate with regard to franchise tax requirements. To provide this evidence, the Comptroller’s office issues a Tax Clearance Letter, Form 05-377.
How do I reinstate a forfeited corporation in Texas?
An entity forfeited under the Tax Code can reinstate at any time (so long as the entity would otherwise continue to exist) by (1) filing the required franchise tax report, (2) paying all franchise taxes, penalties, and interest, and (3) filing an application for reinstatement (Form 801 Word 178kb, PDF 87kb).
What does franchise tax involuntarily ended?
The entity’s franchise tax responsibilities ended because the entity has ceased to exist in its state or country of formation or has ceased doing business in Texas. The entity’s registration or certificate was ended as a result of a tax forfeiture or an administrative forfeiture by Texas Secretary of State.
How long does it take to reinstate a LLC in Texas?
How long does it take the Texas SOS to reinstate an LLC? The Texas Secretary of State’s office typically processes filings in 5-7 business days. Expedited filings are usually processed in 1-2 business days.
Can you reactivate a dissolved LLC?
In most states, it’s allowed for an LLC’s articles of dissolution to include a future dissolution date. If reinstatement is not available in a specific state, the only option for reactivating an LLC that has been dissolved is to form a new limited liability company using the old name of the dissolved LLC.
How long does it take to reinstate a business in Texas?
How Long Will This Process Take? LLC – The normal processing time for LLC Texas reinstatement filings is around 3-5 business days.
How do I activate an inactive LLC in Texas?
This usually entails the following steps.
- File your annual franchise tax and Information Report forms.
- Pay the taxes, penalties, and interests payments due.
- Complete and submit the Tax Clearance Letter Request for Reinstatement (Form 05-391).
- Submit these items to the Texas Secretary of State.
How do I find my Texas XT number?
XT Numbers: The number begins with the letters XT followed by six digits. They are for filing franchise tax reports, and they are printed in the upper right corner of the notification letter you receive from our office. We mail these letters to each taxable entity about six weeks before the due date of the next report.
How much does it cost to reinstate LLC in Texas?
How Much Will It Cost To Reinstate? LLC – The filing fee for reinstating an administratively dissolved LLC in Texas is $75. Expedited service requires an additional $25. Corporation – An administratively dissolved corporation in Texas has to pay $75 in order to be reinstated.