Legal Question in Tax Law in Texas

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.

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Answered on 7/05/00, 5:48 pm


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