Should I reinstate my corporate status?

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Should I reinstate my corporate status?

In September of 2015, I formed a Wisconsin corporation. Due to some family
circumstances that came up I never got started. At this time I had planned to
start. I found out that my corporation had been administratively dissolved in
2018. Would it make sense to try to reinstate or just start over with a new
corporation?

Asked on July 10, 2019 under Business Law, Wisconsin

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 1 year ago | Contributor

It's almost always easier and simpler to start a new corporation (or LLC) than try to reinstate the old one. Opening a new one is just a simple case of filing all over again and is guaranteed--you can absolutely do this. Reinstating is not as regular or automatic a process: it means asking for and getting approval to reinstate, may require filing out back corporate reports and paying back annual fees, etc. Why go to any extra trouble if you don't need to?


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