A Certificate of Renewal and Revival can only be filed after all back penalties and fees have been paid. This includes:
-Back state taxes and penalties.
-Outstanding Registered Agent fees.
-The state filing fee.
If you call our office, we will determine (via the Delaware Corporate Imaging System – “D.C.I.S.”) the amount of tax you owe, plus any applicable penalties and interest.
Being in Good Standing means that a company is compliant with the state and has payed all necessary taxes and penalties.
If a company is not in Good Standing, it may be unable to perform certain business functions. These include opening a business bank account, getting a loan, and buying property.
A Certificate of Renewal and Revival regains current Good Standing for your company after it has gone void by failing to pay franchise tax or maintain a Registered Agent.
Failing to maintain a Registered Agent or pay annual franchise tax and file annual reports may result in your company “going void”. If this happens, your company may lose its name and its right to conduct business. It may also have its corporate charter canceled.
Should this happen to your company and you want to continue doing business, you can file a Delaware Certificate of Renewal and Revival. This filing can reinstate your corporation, LLC, LP, or LLP and restore its Good Standing status.