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Guardianship Program Rules
707 Inactive Status
707.1 A CPG or Agency may voluntarily request inactive status by notifying the Board in
writing of the date the change in status is to be effective and
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How to fill out 707 inactive status
How to fill out 707 inactive status
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Who needs 707 inactive status?
01
Businesses or entities that are temporarily not operational or inactive
02
Individuals or organizations that wish to pause or suspend certain activities temporarily
03
Companies or individuals undergoing restructuring or reorganization
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What is 707 inactive status?
707 inactive status means that a business entity has informed the appropriate government agency that it is not conducting business activities.
Who is required to file 707 inactive status?
Business entities that are not actively conducting business activities are required to file 707 inactive status.
How to fill out 707 inactive status?
To fill out 707 inactive status, the business entity must provide details such as its name, address, reason for inactivity, and any other required information on the designated form.
What is the purpose of 707 inactive status?
The purpose of 707 inactive status is to inform the government agency that the business entity is not actively conducting business activities and to avoid unnecessary penalties or fees.
What information must be reported on 707 inactive status?
On 707 inactive status, the business entity must report its name, address, reason for inactivity, and any other required information as specified by the government agency.
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