What can cause a corporation to become suspended or revoked?

A corporation can become suspended or revoked for various administrative reasons, one of which is failure to adhere to tax obligations. Not filing taxes is a significant issue because it implies non-compliance with state tax laws, which can lead to penalties and eventually the suspension of the corporation's status. If a corporation fails to meet these legal requirements, the state may take action to revoke its corporate privileges. This situation highlights the importance of maintaining proper tax filings to ensure the corporation operates within legal boundaries.

In the context of allowing a corporation to remain in good standing, it is critical to ensure all administrative tasks, including tax filings, are up to date and compliant with state laws. While the transfer of shares upon a shareholder's death, bankruptcy, and capital deficiencies may have various implications for a corporation, they do not directly lead to suspension or revocation in the same way that tax compliance does.