![]() ![]() All fees required under the Revised Iowa Nonprofit Corporation Act due the Secretary of State have been paid.The entity is in existence and duly incorporated under the laws of Iowa.The certificate confirms that the entity exists and is in compliance with all Iowa State requirements.ĭes Moines, IA50319 Iowa Certificate of Good StandingĬertificate of Good Standing Registry Certified The Certificate of Good Standing confirms the company is in existence and duly incorporated under the laws of Iowa. We can provide a Certificate of Good Standing / Certificate of Existence for any registered Iowa Corporation or LLC. Just remember, dissolution isn’t necessarily the end.Iowa Certificate of Good Standing – Certificate of Existence For a business owner, this can mean the difference between financial security and personal financial exposure.Īs a business owner, having an attorney capable of navigating the administrative tape associated with biennial report season and, if necessary, the reinstatement process can make all the difference. Under Iowa law, once reinstatement is effective, it relates back to and takes effect as of the effective date of the administrative dissolution as if the administrative dissolution never occurred-hence, the relation back rule.Ĭonsequently, any liability or issues arising during the post-dissolution period are, upon reinstatement, treated as if there was no dissolution. ![]() While reinstatement is pretty cool, the greatest benefit of reinstatement is its retroactive effect. Once the Secretary of State confirms with the other State agencies that the business does not have any outstanding issues or obligations, it will fully reinstate the dissolved entity. ![]() Specifically, business owners may file an Application for Reinstatement along with the delinquent biennial report. Fortunately, Iowa law allows business owners to resurrect their corporations or limited liability companies and shield themselves from the imposition of any unanticipated personal liability. This can be especially problematic for those business owners who are oblivious to the fact that their corporation or limited liability company no longer exists in the eyes of the State. Administrative Dissolution is the process whereby the Secretary of State abolishes the rights, powers and authority of a corporation or limited liability company. Whatever the case may be, failing to file a biennial report can lead to Administrative Dissolution. Business owners or their registered agents might simply miss the notification, lose the filing information, or forget to file altogether. Oddly enough, a good portion of these unfiled reports are simply the result of oversight or disorganization. Although the process of completing and filing a biennial report is simple enough to address, hundreds of these reports go unfiled every year. ![]() Commonly referred to as a biennial report, these filings not only help the Secretary of State to confirm that a business is in good standing with the various state agencies, but they also verify whether a business is, in fact, still operating. | DES MOINES OFFICEĮvery other year, corporations and limited liability companies are required to file a report with the Iowa Secretary of State detailing basic company information. IT AIN’T OVER TILL IT’S OVER: ADMINISTRATIVE DISSOLUTION, REINSTATEMENT AND THE RELATION BACK RULEīY ROSS CURNOW | HOPKINS & HUEBNER, P.C. ![]()
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