Tagged: dangling businesses companies

Dormant Companies

In the past, one could easily start a LLC or corporate business (often in Nevada) and get a separate tax number ID, and let it just sit. If one did not conduct any business, they did not have to complete a tax return annually. In the past, many people did not file any income tax returns for dormant businesses. This article is my opinion and is not, legal advice. I’m a judgment referral expert, and not a lawyer. If you need a strategy to use or legal advice, you should retain a lawyer. When our economy started to fall and...
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