My cousin forgot to renew is New York Inc. company and it has expired. How does he go about renewing it or should he just start all over again: Thank you.
Typically New York State does not dissolve corporations due to lack of filing it’s biennial reports, but for not filing it’s taxes with the state’s Department of Taxation and Finance (DTF).
To reinstate the business, the company would have to file it’s owed taxes to the DTF to obtain a written letter of consent, which can be filed with a $55 reinstatement fee with the state.
It’s difficult to say the exact amount you would owe for reinstatement. There may be penalties or interest due on the owed taxes, along with the $9 for any missed biennial reports, depending how long the business had been active. This is something I would have to research with the state, however I’d need to know the name of the business to do so.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.