Inactive Company
/ˈɪnæktɪv ˈkʌmpəni/
Definitions
- (n.) A company that is not carrying out any business activities or transactions and is temporarily or permanently dormant.
The law requires filing fees for maintaining the status of an inactive company.
Forms
- inactive company
- inactive companies
Related terms
See also
Commentary
The term 'inactive company' typically implicates regulatory and tax considerations; legal documents often define criteria for inactivity to differentiate from dissolution or liquidation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.