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Hi, can you tell me what state you're in? Corporation and business entity law is a state law (secretary of state) issue
From a legal perspective a corporation lives forever (as a separate entity) until and unless it's dissolved
And each state will have it's own rules for that (usually a filing of articles of dissoluton, at the least)
Each state will have it's opwn rules about annual filing fees as well
Let me know what state you're in, if you would, and we can go from there...
i'm in California. its a S corp.
i'm filing for 2012 and there has been no income or expenses for 2012. but we also never paid any fees for the corporation besides when we opened it in 2012.
Ok so I guess I never paid the $800 for 2012.
1. I heard for the first year the corporation was opened I did not have to pay the $800. correct or false?
2. now that I did not pay what should I do? do I pay it now and where do I record it both on federal form and state?