Frequently Asked Questions for Suspended Entities
What does it mean for my company if I’m suspended?
When a corporation's status is suspended, the corporation has lost all its rights and privileges as a corporation and cannot legally operate. California Corporations can achieve good standing status, but first they must be revived. Two powers have the authority to suspend and revive a corporation. The first being the California Secretary of State's office and the second being the California Franchise Tax Board. In many cases, a Statement of Information must be filed for revival. We can file the document on an expedited basis and upon filing we can obtain a Notice of Revivor for your records.
If the corporation is suspended by the Secretary of State and the Franchise Tax Board, the Franchise Tax Board will require a Proposed Letter of Relief of Suspension at the time of filing the Statement of Information. We can obtain that for you when we file your Statement of Information. Just make sure to let us know in advance that your corporation is suspended.
Can I file the Statement of Information on-line on the Secretary of State's website?
Yes, you can but you will not receive a file stamped copy NOR a Notice of Revivor NOR a Proposed Letter of Relief of Suspension. You MUST have either document or the Franchise Tax Board will NOT revive the corporation. Once the Statement of Information is filed, you will need to send or fax the Proposed Letter of Relief to the Franchise Tax Board. We highly recommend that you work with the same agent at the Franchise Tax Board throughout the revival process. You will also have to complete a Certificate of Revivor. Most often the FTB agent will fax you all the required forms, but if they don't, ask them specifically which forms they need and you can download the forms from their website at http://www.ftb.ca.gov/.