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Reload this Page Why should I close business officially even though I am no longer doing business

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Old 05-05-2010, 04:23 PM
kelly_brooks kelly_brooks is offline
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Default Why should I close business officially even though I am no longer doing business
If you will not close your business with the state, your corporation will be considered as a legal entity and accordingly you will be liable to pay taxes and other returns thereof. So it's highly recommended that you should close your business as per the instructions and rules defined by the state and get your certificate of dissolution.
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Old 05-27-2010, 02:18 PM
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MyInterest MyInterest is offline
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It is true...I though you wanted some discussion in this.. But your statement is a fact
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Old 06-22-2010, 01:52 PM
doblo7 doblo7 is offline
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I also was surprised - I would like some advice on this situation. I guess the advice is to shut up shop or get charged taxes. Any more advice?
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Old 06-22-2010, 02:39 PM
brownnataly21 brownnataly21 is offline
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Well, if there are no chances to survive, then it's better to close the company.
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Old 07-05-2010, 05:30 AM
jijaybajay jijaybajay is offline
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Why should I pay taxes when my business is not running and gaining any income?
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Old 01-31-2011, 06:08 AM
markhenry markhenry is offline
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yea i agree with jijaybajay, why one should pay taxes when then business is closed and when it will be not closed officially, one need to pay tax.
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