<h2 class = 'uawtitle'>Understanding The Process Of Reinstating A Company</h2><br />
<div style='font-style:italic;' class='uawbyline'>by Carl Kelly</div><br /><br />
<div class='uawarticle'>There are a number of reasons for which a company could be struck off the companies register. In the first place, it can be on a voluntary basis, which happens when the firm is no longer needed by its directors. They could then need to file the necessary documents. It could also be because some statutory documents like annual accounts are not correctly filed within the required time. Companies will also be struck off when they go into liquidation. When it comes to <a href="https://www.nevadadiscountregisteredagent.com/reinstate-your-default-or-revoked-nevada-company/">reinstating a company</a> there are a number of things that you need to know.<br />
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After a company gets deregistered, if there are any assets which were owned, they will be passed to the crown. The only way you can have those assets retrieved will be by making an application so that the firm gets restored. A company that is struck off the register of companies does not exist as a legal entity. That means it is not able to trade or enter into any contracts. It cannot also own assets.<br />
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There are a number of reasons that would require one to have a company restored. As an example, there are instances when a business has a title to a certain asset, which could be money or some physical property. If that is the case, if you need to have that property recovered, you will have no other option but to have that business restored. The other instance could be when you are a third party and there are claims which remain unresolved. That would then mean that you have to get the company restored in order to get compensation.<br />
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Depending on the way that business was de-registered, there are several ways of having it restored. The two main methods are through administrative restoration and through court processes. The methods are very varied as regards the complexity, costs and time. You also need to note that some situations will require specific methods. If for instance the business was voluntarily struck off, you will only get to restore it via a court process.<br />
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There is usually the need for an attorney for the proceedings. Court order reinstatement can particularly be time sensitive and complicated. It is a process that involves having to liaise with the registrar of companies, government legal department and courts. In some cases, liquidators, tax advisers, creditors and accountants are also involved.<br />
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The process also involves drafting of legal documents such as claim forms and witness statements. Owing to the very strict nature of having a business reinstated, you will need an attorney to prepare all documents which will be needed. The documents are then issued to the right parties and within the agreed time. The client will not worry about whether the process was done in the right way.<br />
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The fees that is charged will depend on the procedure that is used. Most attorneys charged a flat fee, but you can also find other structures. When looking for a suitable attorney, you need to know what the charges will be.<br />
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It is also important to understand the aspect of disbursements. It is the fee that is charged by a third party. It includes government legal fees as well as court fees. These fees are collected from third parties and then paid off, on behalf of a client.<br />
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<div class='uawlinks'>When you are looking for information about <a href="http://www.nevadadiscountregisteredagent.com/reinstate-your-default-or-revoked-nevada-company">reinstating a company</a>, come to our web pages today. More details are available at http://www.nevadadiscountregisteredagent.com/reinstate-your-default-or-revoked-nevada-company now.</div><br />
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