Due to the bureaucracy in the process of closing a company, many entrepreneurs keep their businesses formalized, even if they are not working. Even though people sometimes imagine that having an LLC company will not result in tax return it actually might. Keeping an inactive company, however, does not exclude a series of obligations that must be carried out by the entrepreneur, under penalty of applying sanctions by the Internal Revenue Service. If you would like to act correctly and fast, make sure you contact taxreturnco.com.au, as they are used to dealing with LLC with no activity.
Want to know what are the accounting obligations of an inactive company? So check it out!
When do I consider my LLC business inactive?
A company is considered inactive as of the month in which it does not carry out any operational, … Read the rest....