Should I reinstate my corporate status?
Question Details: About 4 years ago, I formed a corporation. Due to some family circumstances that came up I never got started. At this time I had planned to start. I found out that my corporation had been administratively dissolved last year. Would it make sense to try to reinstate or just start over with a new corporation?
It's almost always easier and simpler to start a new corporation (or LLC) than try to reinstate the old one. Opening a new one is just a simple case of filing all over again and is guaranteed--you can absolutely do this. Reinstating is not as regular or automatic a process: it means asking for and getting approval to reinstate, may require filing out back corporate reports and paying back annual fees, etc. Why go to any extra trouble if you don't need to?
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