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Is It Possible to Pause My Company With the State After It’s Been Formed? Is It Possible to Pause My Company With the State After It’s Been Formed?
While you can’t officially “pause” your company with the state, you do have a few options to temporarily halt operations without permanently dissolving it.
1. Keep the Company Active but Inactive Operationally
You can stop conducting business while keeping your company in good standing. This involves maintaining compliance by paying annual fees, filing required reports, and keeping a registered agent active.
2. Administrative Dissolution or Reinstatement
If you let your company lapse by not filing reports or paying fees, the state may administratively dissolve it. Many states allow reinstatement later, but penalties or back fees may apply.
3. Official Dissolution and Future Reformation
You may voluntarily dissolve your company and form a new one later. This eliminates ongoing fees but means you lose the original company’s EIN and filing history.
Conclusion
While there’s no formal “pause” status, you can either maintain your company in an inactive state or dissolve and reinstate it later. Choose based on your long-term business plans and cost considerations.