Can S Corp protect me for Taxes I opened an S corp with the intention of having a business partnership. Before it got off the ground we had a falling out and never started. I never filed corporate minutes or a number of other things and received a notice, approx a year after filing my articles of incorporation though a .com, saying that my corp was suspended. I never did anything with it until five years later when i realized my corp was technically still open and I was being charged the 800 annual income tax minimum in CA . I had a cpa close the corp and file returns for the previous 5 years. I have been receiveing bills from the CA FTB for the back taxes. So far they have been addressed to the corp and not me personally. Will I have to pay these or will the corporate veil protect me. Can the FTB seize my personal bank accounts and property. The corp never did one penny of business and never had any accounts, employees or assets? Thank you in advance for any advice. |