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-   -   Dissolving a small business (S corporation) (https://www.askmehelpdesk.com/showthread.php?t=283093)

  • Nov 19, 2008, 11:17 PM
    tpnewport
    Dissolving a small business (S corporation)
    Hello,
    How do you legally dissolve an S corporation, which was only a small gift shop? No longer in business.
    Thank you
    tpnewport
  • Nov 20, 2008, 01:40 AM
    tickle

    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.

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