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dumb question, do you have to dissolve it if you never did any business with it?
by BayAreaSmayArea 7y ago
dumb question, do you have to dissolve it if you never did any business with it?
- closeparen 7y agoYou have to file taxes whether or not you’re doing any business.
- yodon 7y agoYes. The tax man still cometh otherwise.
- BayAreaSmayArea 7y agobut who do they come for? The corporation itself that never did any business and has no assets/liabilities/transactions?
- yodon 7y agoThe business still has obligations to file tax returns and other annual and potentially quarterly documents, even if it has no assets and was never involved in any transactions. If you have such an entity, definitely find an accountant and get them to help you sort it out because the late filing fees are likely accumulating whether you're aware of it or not. Someone's name is on those articles of incorporation and the government isn't just going to forget that entity exists. From what I understand, California is even more aggressive about these sort of fees than the federal government but I don't know that for a fact.
- t34543 7y agoYes. Inaction got this fellow HN user in trouble: https://news.ycombinator.com/item?id=18394413 https://news.ycombinator.com/item?id=18394413
- quickthrower2 7y agoTrouble? Or just a scary letter?