franchise tax
An S corp was dissolved 6/99. Who must pay the franchise tax and what are penalties and punishment if franchise tax is not paid? Can the state collect from an individual?
Asked on 5/15/00, 10:03 pm
1 Answer from Attorneys
Chester V. Shea III
Law Offices of C.V.Shea III
Re: franchise tax
An individual officer of a corporation can be held liable for any taxes owe when a corporation closes.
Answered on 7/05/00, 5:48 pm
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