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Thank you for a very quick answer Wise! :) But what bad things would happen if I simply set up either a self-proprietorship or formed a new corporation and simply let the old one continue to put several hundred dollars a year in my bank account? Corollary question: Can you point me to a resource where I could learn more about a self-proprietorship option? I know it's at least theoretically workable as I had an author/publisher friend I'm no longer in touch with but who did it for years in PA while writing/publishing four books.
Sorry... I'm still really unclear about something in your answer: Are you saying that I could get in trouble simply for continuing to receive checks for the product that is registered to the old corporation even though there was no one else in that corporation? If the corporation is no longer a legal entity, would I be able to get the product or the checks from its purchases transferred over to a new corporate entity? Heh, the money has to go SOMEWHERE! :>
Thank you for the suggestion on sole proprietorships: I had thought they were a state-level thing and would not have thought of checking with IRS!
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