What must a business entity do to reinstate its expired registration?

To reinstate an expired registration, a business entity is required to pay the annual renewal fee and submit a completed renewal application. This is a standard procedure to ensure that the entity is in compliance with regulatory requirements and can continue to operate legally. The payment of the renewal fee indicates the entity's commitment to fulfilling its ongoing obligations under the relevant laws, while the submission of the application allows the governing board to review and approve the renewal, ensuring that all necessary documentation and requirements are met.

This approach ensures a structured and formal process for reinstatement, which is vital for maintaining the integrity of the business registration system. Simply paying the fee or submitting the application without the other component would not suffice, as both elements are necessary to confirm the business entity's readiness to resume operations legally and responsibly.