If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on
this thread.
Simply type your Answer in the box below and post your answer.
Welcome New User! ( Create Account | Sign In )
Question
Submitted 92 days ago...
How do I desolve or close an s-corp?
I am 78% owner and President of an s-corp based in North Carolina. the only other officers, a Director owning 22% of the stock, and Secretary are inactive I am the only employee and due to health problems I can only operate it about one day a week at half speed. The s-corp has no outstanding liabilities. I would like to disolve or close the s-corp and continue working the one day a week. The s-corp has only made a small profit one of it's thirteen years in business. Will the law let me just stop the operation and let the assets sit idle and no longer file taxes on the corporation?
Thank you and best wishes.
Answers
No Answers have been posted yet.
Answer This Question Now
Related Questions
What is the difference between a LLC and S-corp?
Or even a sole proprietorship? I'm thinking about a starting a business and I'm not sure what kind of business is right for me.
New buisness owner, needs help
I opened my small contractor buisness in 2007. I have a tax ID and even registerd my buisness name in PA. I was being sub contracted from my old boss to do work from June, 1 2007 to October, 1 2007. This would...
Accual or Cash method of accounting
Can you file s-corp tax return using cash method accounting even when you have gross revenue that is over 5 mil?
What is the difference between a LLC and S-corp?
Or even a sole proprietorship? I'm thinking about a starting a business and I'm not sure what kind of business is right for me.
What is the difference between a LLC and S-corp?
Or even a sole proprietorship? I'm thinking about a starting a business and I'm not sure what kind of business is right for me.
Related Questions
What is the difference between a llc and s-corp?
Or even a sole proprietorship? i'm thinking about a starting a business and i'm not...
View Question
New buisness owner, needs help
I opened my small contractor buisness in 2007. i have a tax id and even registerd my buisness...
View Question
Accual or cash method of accounting
Can you file s-corp tax return using cash method accounting even when you have gross revenue...
View Question
Paying property taxes with a credit card in 2007 & paying off in 2008
I am a business owner and have a large property tax amount to pay for 2007. if i pay in 2007...
View Question
Received deposit in november of 2007 for work to be done in 2008. do i report this as profit?
Is there some way that i can not have to pay tax on a $20,000.00 deposit received in november...
View Question
Former tenant isse on obtaining refund on outstanding credit for cam reconciliation payment
Hi,
i sold my spa business back in may, 2007 and recently received a letter from the property...
View Question
Authorization for non-profit?
There is an individual in our community in iowa who calls himself a "non profit community...
View Question
Llc, s-corp, c-cop, inc. what is the difference?
What is the difference between a llc, s-corp, c-corp, or an inc?
View Question
Tax levy on tax returns
My s-corp business partner passed away this week. i received a notice that the irs is imposing...
View Question
This Question has not been awarded yet.
About |
FAQs |
Contact Us |
Member Agreement |
Privacy Policy |
Site Map |
Partners
Copyright © WebAnswers 2009. All rights reserved.
