Worth it to reinstate Inactive corp in Oklahoma?

[rknight29]

I have an inactive corporation in Oklahoma. Created in 1998. I no longer live in Oklahoma and need a corp. Trying to decide if it is worth the trouble and expense to reinstate that one and register as a foregin corp in my current state (Utah) or just start a new one. What is 12 years of history (creation date only) worth? I am trying to get in contact with the right department at the OK SOS to figure out the cost / process but my guess is it will be at least $100 / year as that is the minimum franchise tax. So this will likely cost $1000 or so.

 

Thoughts?

[rknight29]

Just found out the fees will be minimal. $10 / year minimum franchise tax plus interest and penalty. Only about $255 all told. I also found there is in fact a DnB number. I signed up for DnB self-monitoring and they show it as inactive but there are no negatives that I can see. Seems like a no brainer?

Edited August 17, 2010 by rknight29

[BRBiz]

Just found out the fees will be minimal. $10 / year minimum franchise tax plus interest and penalty. Only about $255 all told. I also found there is in fact a DnB number. I signed up for DnB self-monitoring and they show it as inactive but there are no negatives that I can see. Seems like a no brainer?

 

Seems like a no brainer besides the fact that D&B could start restart the file with the reactived date so it really doesn't matter either way its worth a shot.

[Guest Mark Johnson]

Just found out the fees will be minimal. $10 / year minimum franchise tax plus interest and penalty. Only about $255 all told. I also found there is in fact a DnB number. I signed up for DnB self-monitoring and they show it as inactive but there are no negatives that I can see. Seems like a no brainer?

 

If your company is listed as inactive with DnB how can you get it switched back to active ?

[BRBiz]

Just found out the fees will be minimal. $10 / year minimum franchise tax plus interest and penalty. Only about $255 all told. I also found there is in fact a DnB number. I signed up for DnB self-monitoring and they show it as inactive but there are no negatives that I can see. Seems like a no brainer?

 

If your company is listed as inactive with DnB how can you get it switched back to active ?

 

You have to call them and ask them to but they dont have if owners changed or a certain amount of time has gone by they will just start fresh.

[rknight29]

You have to call them and ask them to but they dont have if owners changed or a certain amount of time has gone by they will just start fresh.

 

That will be interesting. I have sent off my franchise tax returns. Once OK has it in good standing, I will register as a foreign entity in Utah and get everything up to date. Then call D and B. Guess we will see. Wonder if I buy a credit builder if they will reactivate. Would be worth the $.