What is the name of your state? MASSACHUSETTS.
In march of 2007 I registered a corporation. Business never took off and I was going to close it. However, I learned that it costs money and it is absolutely safe to just abandon it, because after a few years of not filing annual report, it will be shut by the state anyway with no consequences. Is this true?
And if it is, than can I open another legal entity in case I will want to, while my original corporation is still live, but "marked" as unresponsive in the Office of the Secretary of State.
ARE THERE REALLY NO CONSEQUENCES FROM JUST ABANDING THE CORPORATION?
Thank you!
In march of 2007 I registered a corporation. Business never took off and I was going to close it. However, I learned that it costs money and it is absolutely safe to just abandon it, because after a few years of not filing annual report, it will be shut by the state anyway with no consequences. Is this true?
And if it is, than can I open another legal entity in case I will want to, while my original corporation is still live, but "marked" as unresponsive in the Office of the Secretary of State.
ARE THERE REALLY NO CONSEQUENCES FROM JUST ABANDING THE CORPORATION?
Thank you!