Revive Your Corporation
Revive a Corporation- File Articles of Revival in 2 Business Hours.
"Revive a corporation" refers to the process of bringing a corporation back into good standing after it has been dissolved, suspended, or forfeited—usually due to non-compliance with legal or financial obligations (like failing to file annual reports, pay taxes, or maintain a registered agent).
Note:
It is necessary to file all unfiled and pending annual returns from the corporation's dissolution. You will receive an email with a link to finish the payment as soon as the total cost of the annual returns has been determined.
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Reviving a Corporation:
Reviving a corporation refers to the legal process of restoring a dissolved or inactive business entity to active status, allowing it to legally operate again. This process is also commonly called reinstatement or restoration, though terminology varies by jurisdiction
What Does It Mean to Revive a Corporation?
When a corporation is revived:
- Legal Status is Restored: The corporation regains its legal standing as if it had never been dissolved
- Rights and Obligations are Reinstated: All pre-dissolution rights, liabilities, and obligations are restored to the revived corporation
- Good Standing is Achieved: The corporation returns to “good standing” with state authorities
Common Reasons Corporations Need Revival
Corporations typically need revival when they’ve been:
- Administratively dissolved by the province for non-compliance
- Voluntarily dissolved but later need to resume operations
- Declared void or forfeited for failing to maintain requirements
Who Can Apply for Revival?
Eligible applicants vary by jurisdiction but typically include:
- Shareholders
- Directors or officers
- Creditors
- Other interested parties with direct connection to the corporation
Note that professional representatives like lawyers or accountants usually cannot sign revival documents unless they have a direct relationship with the corporation
The Revival Process
While procedures vary by province, the general revival process involves:
Identifying the Reason for Dissolution:
- Determine why the corporation was dissolved (e.g., missed filings, unpaid taxes)
Resolving Compliance Issues:
- Filing overdue annual returns
- Paying back taxes, penalties, and interest
- Appointing a registered agent if needed
Submitting Revival Documents:
- Completed revival form (e.g., Articles of Revival)
- Supporting documents like NUANS name reports (in Canada)
- Cover letter explaining the revival request
Paying Required Fees:
- Revival fees vary by jurisdiction.
Waiting for Approval:
- Processing times vary, and approval isn’t guaranteed.
Important Considerations
- Name Availability: If dissolved for long periods like 6-10 years, the original name may no longer be available
- Property Recovery: Assets transferred to the state upon dissolution may be recoverable after revival.
- Ongoing Compliance: Revived corporations must maintain compliance to avoid future dissolution
- Alternatives: In some cases, forming a new corporation may be preferable to revival