What are the consequences of being administratively dissolved versus voluntarily dissolved?
If the corporation voluntarily dissolves it indicates the corporation requested the dissolution. If the corporation is administratively dissolved, the Secretary of State’s office has dissolved the corporation. An administrative dissolution could cause difficulty in the future if the corporation wishes to bid on a state contract, or tries to obtain a loan or complete certain financial transactions through a bank. The Secretary of States web site may be viewed for additional information, forms and to check the current status of the corporation.
