Why should I close business officially even though I am no longer doing business?

Discussion in 'Growing and Managing a Business' started by kelly_brooks, May 5, 2010.

  1. kelly_brooks

    kelly_brooks
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    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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