What Federal Companies must not forget?
Federal companies must not forget to file federal tax returns each and every year. In case those returns are not filed for a long time, the federal company remains in the state of getting dissolved. In case your address is current on the file, you will be provided with a warning from the Revenue Agency regarding due of tax payment.
Also, federal companies must file federal annual returns every year with Corporation on the anniversary date of incorporation. In case those returns are filed for two years, the company generally gets dissolved. Even if only of those returns is outstanding, the company will not be in a ready position to obtain COC certificate of conformity.
Reviving a Company – Not a Piece of Cake
It is very much expensive to revive a company and the federal government puts the onus on the owners of federal company for following the statute needs. Any reputable search house will be in a position to check for you to confirm that your yearly returns have been filed and there must not be a cot for this.
In case it is determined that you need to file annual returns this can be done in a fair manner quickly by a search house and then a favorable European certificate of conformity can be issued.
Who else requires Compliance Certificates?
Compliance certificates are sometimes required by banks, law firms and individuals where you may be selling your company, at the time of buying property through your business, when registering a vehicle against the company and many more.