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tpnewport
Nov 19, 2008, 11:17 PM
Hello,
How do you legally dissolve an S corporation, which was only a small gift shop? No longer in business.
Thank you
tpnewport

tickle
Nov 20, 2008, 01:40 AM
No matter what kind of business you have, you should cancel any kind of permit or license you hold with the state or county -- you don't want anyone else to use your seller's permit or business name, for instance -- that could make you responsible for any taxes and penalties incurred after you no longer operate the business.

If you have a seller's permit or business license, contact the agency that issued the permit or license and cancel it. Likewise, if you've been using a fictitious or assumed business name, file an "abandonment" of the name and publish it in a local newspaper -- contact your county clerk's office for a form.