Discover the consequences of failing to file your annual corporate reports in this lively article by Noel Bagwell, a writer for executiveLP.com. What do you do if you want to close your business? Noel answers that question to, with a task list of things to do.

Consequences of Failing to File Corporate Annual Reports

When companies fail to file their annual reports, or [fail to] do other things which can cost them their limited-liability protection, often the state in which the company was organized or incorporated will send them a notice of “Administrative Dissolution”. Despite the plain meaning of the word “dissolution,” the state action to which this notice is related does not do what one might expect. That is, it does not dissolve the company, per se, ending its existence.
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