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A corporation needs to file an annual report with the state in which you are incorporated. In some states, you also need to pay a franchise and excise or similar tax on the corporations assets. In my home state most small corporations will pay from about $100-300/yr.
Yep, forgot about that. A corporation needs to file an annual report with the state in which you are incorporated. In some states, you also need to pay a franchise and excise or similar tax on the corporations assets. In my home state most small corporations will pay from about $100-300/yr.
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Corporations also need to have shareholders meetings, and file reports of such. Accountants will do this for you, for a price.
As far as having meetings that's news to me. Were you a Closed Corp or an S? I don't have to have to have any meetings, however I'm the only shareholder.Corporations also need to have shareholders meetings, and file reports of such. Accountants will do this for you, for a price.