Can One Re-Activate an Old & Inactive Entity To Have More Years in Business
Any entity which has entered an INACTIVE status according to the Secretary of State's registration database will simply have an age of when it was re-established (i.e. this year).
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Will Activating An Old Business Speed Up Corporate Credit
A still ACTIVE older businesses will help push the process along faster. Reactivating an old business may not speed up the process because the re-incorporation date resets the “entity age” which is an important factor.
Which Corporate Entity Is Right for The Situation?
The following is a brief explanation of considerations to be made in the forming of an LLC, S-Corp or C-Corp. LLC *Suggested for business owners making under $100k annually *It can be thought of as a combination between a partnership and a ...
Foreign LLC vs Domestic LLC
Foreign qualification is when a legal entity conducts business in a state or jurisdiction other than the one it was originally formed within; often used for entities previously registered in another state and wishing to conduct business within a new ...
When To Use [Business Name] & When To Use [Business Name] LLC / Inc. / Etc.
Only when an organization asks for one's legal business name is there a requirement to add the entity-type, such as LLC or Inc. (for corporations).
Can LLC or Corporation Be A Grantor for A Trust
A Corporation and LLC can be grantor for a statutory trust, but not a private express trust (i.e. Bulletproof Trust). Private express trusts require a living human being to be grantor. If the goal of using these statutory entities as grantor is to ...