Last year I naively started a corporation in Delaware - nothing came of it, we never issued shares, we never started business. in Feb I got an email from my registered agent saying it was time to file my annual report or the company would be dissolved. Great, that's what I wanted so I didn't do anything. Then I got another document saying I owed 55k in franchise tax. It turns out its only 500 for last year and 400 for this year. But my question is - what if I don't pay it? Am I personally liable?

4/30/2012 12:10:36 PM

yes

4/30/2012 1:05:17 PM

Pay your taxes you hippie.

4/30/2012 1:19:15 PM

You can always run from the government and go live in the woods.

4/30/2012 1:22:32 PM

if you did everything right when you set up the corp, you're probably not liable personally....Although, if the IRS would like to, they can probably force you to spend thousands to prove it in tax court.

4/30/2012 1:59:26 PM

upvotes for everyone

4/30/2012 2:05:03 PM

Didja use the corp. as your personal piggy bank?

If so they'll pierce that corporate veil

4/30/2012 2:06:19 PM