So we know how to open a company have you actually closed a company like let's say yeah I'll see you know working on that anymore whatever you have to pay taxes on it to the government they cannot do anything and how do you do you just close it that was the process thing with an LLC or corporation you typically have to begin by like a shareholder remember resolution to close you then have what's called a winding up process where you see debts that the company owes to outside vendors debts that the company owes to shareholders or members distributions that are due to shareholders and members and you could do that yourself or typically you'd hire like an accountant or somebody to to kind of do what's good like a true up to see where things stand who gets what how much is owed and then you would there's a is a at least in New York State you do have to file a dissolution with the state in order to kind of essentially close it out take it off the books make it inactive because technically speaking if you are a corporation in New York State you could never do any business no costs no revenue nothing there is a minimum tax that you're going to have to pay or that that the company will have to pay as long as it's still in existence so you know as a practical matter people in companies all the time and just walk away and it just sits there and eventually what will happen is is the state at least if again at least in New York State the state will render it inactive and dissolved by law at which point it just goes away but in...
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Corporate dissolution resolution sample Form: What You Should Know
Dissolution by vote can be achieved by one/many votes or by a quorum. In all circumstances, dissolution by vote means termination of the corporation. Dissolution by vote can be achieved by one/many votes or by a quorum. If directors or members of a corporation do not comply with the provisions and conditions of the laws pertaining to formation of an authorized association, dissolution may be brought in the manner provided by law, or by the directors may be called by any of the foregoing. Corporation is formed only by and for the persons who actually are the shareholders or members of the corporation. The directors shall not have the right of voting or disposing of any corporation property unless expressly required by law. The directors shall not have the right of voting or disposing of any corporation property unless expressly required by law. The board of directors shall be a quorum, consisting of three directors, one of whom must be a natural person, and shall have the authority to act without the approval of any other director or the general membership of the corporation. If all the requirements of the conditions set forth in Section 7 of the articles have not been met by the date of the resolution, the resolution shall be binding and all actions in furtherance of the dissolution shall be the actions of the corporation. Form 990 — Corporation Guide For most non-resident US and Canadian corporations, here's Form 990 form, for information and advice on how to report your taxes. Form 990, U.S. Government 990 — This information includes information such as: — Gross receipts and sales reported to the Internal Revenue Service for the taxable year; — Gross receipts from continuing operations, other than sales of inventory; — Net earnings from continuing operations and any unrealized gains or losses; — Earnings per share; — Employee benefits; — Income and expenses attributable to real property held for investment or for sale; — Other items required to be reported; and — Other information required. Form 990, International Organization, State, County, and Municipal This Form 990 is available to the Public Library of India Form 990-EZ, Income from Business. Form 990-PF, Part III — Profit and Loss from Business.
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