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Home > Archive > Medicine transcription > December 2005 > Incorporation Question - Sandi? Eli
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Incorporation Question - Sandi? Eli
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| Maureen 2005-12-19, 12:56 am |
| What does it mean when a corporation is not in good standing with the state
they are registered in?
Maureen
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| Sandi 2005-12-19, 12:56 am |
| "Maureen" <maureen.galvin@comcastdotnet> wrote in message
news:vcSdndmVSo7SrDvenZ2dnUVZ_tmdnZ2d@comcast.com...
> What does it mean when a corporation is not in good standing with the
> state they are registered in?
>
> Maureen
>
Depending on the state, usually not filing the requisite paperwork. Where's
the corporation?
Sandi
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| Maureen 2005-12-19, 12:56 am |
| Thanks for getting back so quickly. The corporation is in Illinois
Maureen
"Sandi" <sanditypes@yahoo.com> wrote in message
news:40mqdbF1arsa1U1@individual.net...
> "Maureen" <maureen.galvin@comcastdotnet> wrote in message
> news:vcSdndmVSo7SrDvenZ2dnUVZ_tmdnZ2d@comcast.com...
> Depending on the state, usually not filing the requisite paperwork.
> Where's the corporation?
>
> Sandi
>
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| Sandi 2005-12-19, 12:56 am |
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"Maureen" <maureen.galvin@comcastdotnet> wrote in message
news:AJSdnf5pVafxqTveRVn-vQ@comcast.com...
> Thanks for getting back so quickly. The corporation is in Illinois
>
> Maureen
>
Could be failure to file reports, or failure to pay fees.
Sandi
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| Maureen 2005-12-19, 12:56 am |
| Thanks again. That is what I thought too. How does that affect a
corporation though or does it at all?
Maureen
"Sandi" <sanditypes@yahoo.com> wrote in message
news:40mqorF18j6qvU1@individual.net...
>
> "Maureen" <maureen.galvin@comcastdotnet> wrote in message
> news:AJSdnf5pVafxqTveRVn-vQ@comcast.com...
> Could be failure to file reports, or failure to pay fees.
>
> Sandi
>
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| Sandi 2005-12-19, 12:56 am |
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"Maureen" <maureen.galvin@comcastdotnet> wrote in message
news:6vadnW2dRLX7qjveRVn-gQ@comcast.com...
> Thanks again. That is what I thought too. How does that affect a
> corporation though or does it at all?
>
> Maureen
>
As far as I can tell from a very cursory search, usually all they have to do
is catch up the paperwork and pay the fees, and good standing is restored.
When they try to get loans, buy real estate, etc., there appears to be
something called a "certificate of good standing" needed, issued by a
state's corporation commission. Lots of the sites I saw give instructions
on how to get BACK into good standing and get a certificate, which says to
me that it's a common occurrence.
Sorry, that's about all I know. I'm a criminal law type, too. 
Sandi
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| Maureen 2005-12-19, 12:56 am |
| Wow, thanks. I did a search, but I have a pounding headache and it may as
well have been in Greek. I kept reading and re-reading, but the information
on the Illinois Secretary of State site wasn't all that informative anyway.
I appreciate it.
Maureen
"Sandi" <sanditypes@yahoo.com> wrote in message
news:40ms48F19s9ooU1@individual.net...
>
> "Maureen" <maureen.galvin@comcastdotnet> wrote in message
> news:6vadnW2dRLX7qjveRVn-gQ@comcast.com...
> As far as I can tell from a very cursory search, usually all they have to
> do is catch up the paperwork and pay the fees, and good standing is
> restored. When they try to get loans, buy real estate, etc., there appears
> to be something called a "certificate of good standing" needed, issued by
> a state's corporation commission. Lots of the sites I saw give
> instructions on how to get BACK into good standing and get a certificate,
> which says to me that it's a common occurrence.
>
> Sorry, that's about all I know. I'm a criminal law type, too.
>
> Sandi
>
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| Sandi 2005-12-19, 10:56 am |
|
"Maureen" <maureen.galvin@comcastdotnet> wrote in message
news:PtOdncD-nMYBozveRVn-jQ@comcast.com...
> Wow, thanks. I did a search, but I have a pounding headache and it may as
> well have been in Greek. I kept reading and re-reading, but the
> information on the Illinois Secretary of State site wasn't all that
> informative anyway. I appreciate it.
>
> Maureen
>
You're welcome!
Sandi
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| MsValerie 2005-12-19, 10:56 am |
| In Indiana, failure to file paperwork, such as the annual report, allows the
Secretary of State to administratively dissolve the corporation. Probably
similar elsewhere.
"Maureen" <maureen.galvin@comcastdotnet> wrote in message
news:6vadnW2dRLX7qjveRVn-gQ@comcast.com...
> Thanks again. That is what I thought too. How does that affect a
> corporation though or does it at all?
>
> Maureen
>
> "Sandi" <sanditypes@yahoo.com> wrote in message
> news:40mqorF18j6qvU1@individual.net...
>
>
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| In article <6Zzpf.40088$tV6.2461@newssvr27.news.prodigy.net>,
valerie.mcclintock@sbcglobal.net says...
> In Indiana, failure to file paperwork, such as the annual report, allows the
> Secretary of State to administratively dissolve the corporation. Probably
> similar elsewhere.
>
>
That's how we got rid of our HOA in Florida. There was no common
property and nobody really wanted it, so the required paperwork was not
filed.
There is something similar in Texas. I don't know how it was resolved,
but the subdivision I lived in at one time, had a mandatory HOA. For
several years, the required paperwork was not filed with the State and
several home owner's who didn't want to belong to the HOA claimed that
the HOA no longer existed since the required paperwork had not been
filed with the state for several years. I don't know if the state
officially dissolved the HOA corporation or not.
Bob/Texas
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