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What does it mean when the Secretary of States Website lists a business entity as in forfeiture?

April 26, 2017Business entity forfeiture lists mean Secretary website

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What does it mean when the Secretary of States Website lists a business entity as in forfeiture?

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This means that an entity has failed to meet certain statutory guidelines and the Secretary of States Office has administratively dissolved the entity. An entity that is administratively dissolved is not in good standing.