No, because the expense was $0, not $300.
No, because the expense was $0, not $300.
How many employees? Which pay cycle?
I am not a lawyer, but I would be interested to know how true it is.
It is very true in most states. Some state’s LLC statute’s protect SMLLC’s but most do not.
Have fun! The Ohio AG is relentless when they are actively ignored.
I suggest you find a good tax preparer (CPA or EA) who has experience with dealing with the AG’s office. You are likely going to need their expertise of the law and system to help you navigate it.
But of course, the first step is to actually file and pay all of the outstanding returns. Especially if there were no sales in a filing period.
You hire a bookkeeper. They know how to keep your accounting records…
you focus on running your business. Simple, really.
/r/tax would be an ideal place to ask this question.
You missed the costs for entity formation and annual report fees, though you did get the registered agent.
Remember you’ll be going from a $500 tax preparation bill to $2500.