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    tpnewport's Avatar
    tpnewport Posts: 1, Reputation: 1
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    #1

    Nov 19, 2008, 11:17 PM
    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
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    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.

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