INACT/UA: This status means that the name is inactive but unavailable, which indicates that the company that owns the name hasn't filed its annual report. InActive: An inactive status means the company was dissolved voluntarily, so the name could be available for use.
Also question is, what does it mean if an LLC is inactive?
An inactive business still exists in the eyes of the law. It simply means that it does not engage in any type of transactions or business. As noted before, until the company is dissolved, it will still exist. Even when a business is inactive, this doesn't mean it's not subject to certain reporting requirements.
Likewise, can I register an inactive business name in Florida? Names with the “Active”, “Act”, or “Inactive/UN” (for “Inactive and Unavailable”) are not available for use. Active names are currently registered business names and an inactive and unavailable name is not yet available for new businesses to use.
Similarly, you may ask, how do I make my business inactive on Sunbiz?
Once submitted, the Articles of Dissolution cannot be changed, removed, canceled or refunded.
To File:
- Enter the business entity's document number below.
- Select "Start Dissolution Filing" button.
- Fill out the form.
- Pay all fees.
Can I use a business name that is inactive?
If the company is inactive, you may not be able to use its name. If the company is listed as dissolved, the name may be available for your use.
Related Question Answers
How do I know if my LLC is active?
To check an LLC's status, you can request a copy of its Certificate of Standing. A company that is in good standing will have a current Certificate of Good Standing. You can do this for every state.How do I close an inactive business?
How to Close an Inactive Business- Dissolve the Legal Entity (LLC or Corporation) with the State. An LLC or Corporation needs to be officially dissolved.
- Pay Any Outstanding Bills.
- Cancel Any Business Licenses or Permits.
- File Your Final Federal and State Tax Returns.
Why is my corporation inactive?
There are many reasons a business may become inactive. One very common reason is that the original owner sets up an LLC to sell products or services online, but after a year or so loses interest in the business due to a lack of sales.How do I change my LLC to inactive?
- Formally Dissolve The LLC Or Corporation. You'll need to formally dissolve the legal entity with your state.
- Pay Your Debts.
- Contact Your County To Cancel Your Business Licenses And Permits.
- File Final Tax Returns And Close Your Business's Federal And State Tax Accounts.
How much does it cost to dissolve an LLC?
Pay the Filing FeeTo file the Articles of Dissolution, you will have to pay a filing fee. These fees average around $100.
Do I have to file a Schedule C if no income?
During a year with no income and no expenses, you generally don't need to file Schedule C. If you have no income but did have expenses, you may be eligible to receive a tax refund or credit by filing. The bottom line is: No income, no expenses = Filing Schedule C generally is not necessary.How do I activate an inactive company?
The procedure followed for obtaining the status of a Dormant Company is as follows:- Board Meeting. Fixing and convening a Board Meeting for approval from Board and also approving a notice for General Meeting.
- General Meeting.
- Filing Form MSC-1.
- Issue Certificate.
- Maintain Register of Dormant Companies.
How do I reactivate a dissolved company?
If your corporation was involuntarily dissolved because of an administrative oversight, your state's laws may allow you to “cure" the deficiency within a specified time period by filing certain documents with the secretary of state's office and paying fees to reactivate the company.Why isn't my business showing on Sunbiz?
Sunbiz will not display your EIN unless you manually input it - usually happens when you file your annual report or an amendment.Should I reinstate my business or start a new one?
Generally, it is better to reinstate your current LLC than to start over. One of the purposes of having an LLC is the limited liability. If you start over, you lose the limited liability for the period of time from the dissolution to when you initate the new LLCHow do I reactivate my company name?
Identify any outstanding state fees your business owes. Obtain the correct reinstatement forms on your behalf. Review your completed reinstatement forms. Submit your reinstatement forms to the relevant state agencies.How do you close a business?
Steps to Take to Close Your Business- File a Final Return and Related Forms.
- Take Care of Your Employees.
- Pay the Tax You Owe.
- Report Payments to Contract Workers.
- Cancel Your EIN and Close Your IRS Business Account.
- Keep Your Records.
Can I reinstate my LLC?
LLC Reinstatement Business ServicesDomestic and foreign limited liability companies may file for reinstatement electronically. The application for reinstatement, all annual reports (maximum of 6 years) and all fees due must be submitted.
What is Article dissolution?
An article of dissolution is a document which is filed to effect and formalize the cessation of an incorporated organization. In other words, it is an official document filed prior to dissolution of a partnership or corporation which mentions the provisions for the distribution of assets.How do I cancel an entity?
The business entity must: File the appropriate dissolution, surrender, or cancellation form(s) with the SOS within 12 months of filing the final tax return.Requirements for SOS
- File all delinquent tax returns.
- Pay all delinquent tax balances, including penalties, fees, and interest.
- File a revivor request form.
Can I register a company name if it has been dissolved?
Dissolved companies are companies that have been struck off the register and are no longer in existence. This means that a dissolved company name can be registered by a new or existing company.What happens if you don't renew business name?
If your Business Name is not renewed, it will expire and become available for anyone to register.Can I use the same company name as a dissolved company?
Can I use a dissolved company name? The names of dissolved limited companies can be registered by new and existing companies. There are no legal restrictions when choosing such a name. On the other hand, if the dissolved company had a great reputation, your new business could benefit from this association.How do I protect my business name in Florida?
Registering a business name in Florida is done when you form your business entity (LLC or corporation) with the state. You must first choose your business structure, then do a business name search to ensure name availability. Afterward, you must form your entity with your business name with the state.How much does it cost to reinstate a corporation in Florida?
Reinstatement Fees| Service | Price |
|---|---|
| Reinstatement – Profit Corporation | $600.00 |
| Reinstatement – Non-Profit Corporation | $175.00 |
| Reinstatement – Limited Liability Company | $100.00 |
| Reinstatement – Limited Partnership & Limited Liability Limited Partnership | $500.00** |
