S
seba.anon
I was the co-founder of small startup company which was
incorporated in DE in 2000 at the height of the dot com era.
The company received about 150,000 in financing from an
angel investor, did not have any paid employees (only a few
contractors for a few months), and never made a penny.
The problem is that the company stopped operating in mid
2001, but we have never dissolved the company (due to utter
lack of money to pay anyone to do it, and all the people
involved being too busy, etc.).
SO, what should I do? A long time ago we got a request from
DE for some franchise tax, we ignored it and have never
heard back from them. Now I have a little more time and
would like to officially dissolve company, but of course
want to eliminate or reduce expenses associated with it, as,
literally, the company does not have any resources.
If I just call DE and tell them the story will they be
understanding and just get rid of the record? Do I need an
accountant? My feeling is that there must be hundreds of
similar "abandoned" companies (esp. in a popular
incorporation state like DE, and especially during dot com
era) and my situation must not be that unique. Thank you to
anyone for their advice.
Seba
incorporated in DE in 2000 at the height of the dot com era.
The company received about 150,000 in financing from an
angel investor, did not have any paid employees (only a few
contractors for a few months), and never made a penny.
The problem is that the company stopped operating in mid
2001, but we have never dissolved the company (due to utter
lack of money to pay anyone to do it, and all the people
involved being too busy, etc.).
SO, what should I do? A long time ago we got a request from
DE for some franchise tax, we ignored it and have never
heard back from them. Now I have a little more time and
would like to officially dissolve company, but of course
want to eliminate or reduce expenses associated with it, as,
literally, the company does not have any resources.
If I just call DE and tell them the story will they be
understanding and just get rid of the record? Do I need an
accountant? My feeling is that there must be hundreds of
similar "abandoned" companies (esp. in a popular
incorporation state like DE, and especially during dot com
era) and my situation must not be that unique. Thank you to
anyone for their advice.
Seba