Keep a company no longer active


1

Is it wise to keep a company that will no longer have any activity? and file zeroes on all its tax returns? Dissolving it might incur a higher one time cost. The company in question is a delaware c corp.

Company Tax IRS

asked Sep 16 '12 at 05:56
Blank
James
6 points

3 Answers


1

I'd do a present cost analysis and go with whatever is cheaper. Unless there is a way to avoid whatever costs are associated with dissolution, sooner or later you're going to have to pay them.

answered Sep 16 '12 at 13:45
Blank
Julie In Austin
223 points

0

If it "will no longer have any activity" then close it properly. There are always costs in keeping it going. If you miss a filing you will incur penalties. Besides, it will keep you distracted. And, eventually you will have to close it anyway.

answered Oct 17 '12 at 03:41
Blank
Patrick Moloney
126 points

0

It's better to dissolve the company if the point of the company will no longer be to make money. You can easily incur IRS penalty's if you're not making a good faith effort to make money.

answered Oct 17 '12 at 05:10
Blank
Randy E
632 points

Your Answer

  • Bold
  • Italic
  • • Bullets
  • 1. Numbers
  • Quote
Not the answer you're looking for? Ask your own question or browse other questions in these topics:

Company Tax IRS