If this happens to you, let us assist you with reinstating your corporation as quickly as possible. In New York State, businesses are required to pay annual taxes for the privilege of operating as a state entity. If you fail to file the necessary tax returns and/or pay your taxes for a period of three years, the NYS Department of Taxation & Finance may involuntarily dissolve your corporation. You will not be able to obtain a good standing, or file any maintenance documents, such as assumed business names, amendments, changes, mergers or voluntary dissolutions, unless the corporation gets back in good standing first. Give our office a call, and we will assist you with determining exactly what action you must take in order to remedy the situation.
Corporations or LLCs formed in one state often expand to transact business in another state. Before conducting operations across state lines, a business is required to file for a Foreign Qualification, or obtain authority to do business in that state. Filing requirements vary from state to state, and we can assist you with making sure your business is properly registered, so that your assets are properly protected, you may use the court system, open bank accounts, or hold title to real estate. With just one call to Servico, you will know the costs and time frame involved for filing in all fifty states!