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Incorporated but not yet commenced business

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What is the name of your state? virginia

I incorporated last year. Because of certain situations I have yet to commence business. Really, nothing has been done. This is a stock-corporation. My question is:

Annual fees/reports are coming up due. The problem is not the annual fee but rather the reporting. I am pushing to start business by next year. Basically the individual who was handling all the corporation bylaws, procedures, etc. is no longer a part of this. I have no idea at the present where to start.

Should I terminate the corporation? If so, can I incorporate under the same name later?

What information does annual reports contain?



You know what it took in time and money to incorporate. It is probably best not to have to go through that again. The following link will take you to the Annual Corporation Requirements & Fee Schedule of the Virginia Corporations Commission, where you can find the annual requirements and download the forms to fill in: http://www.state.va.us/scc/division/clk/fee_annual.htm

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