Wednesday, September 5, 2018

Are You At Risk of Administrative Dissolution?


Are You At Risk of Administrative Dissolution?

      If your corporation, LLC or other business entity has not filed its 2018 annual report with the Kentucky Secretary of State, it is subject to being administratively dissolved. That dissolution will take place on September 10 unless the annual report is filed.
      Completing the annual report will take just a few minutes; it is literally the size of a postcard. The filing fee is $15.00.
      Alternatively, if your company is dissolved, and would need to be reinstated, the filing fee is $115.00, and you can expect to run up at least several hundred dollars in legal fees getting the company reinstated.
      Only one of those is a cost-effective option.
      You can check to see if your annual report has been filed on the Secretary of State’s website. If the annual report has not been filed you may file it electronically. HERE IS A LINK to that website.

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