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    4 Replies Latest reply on Mar 5, 2009 12:26 PM by skydalimit

    Keep S-Corp open or close it?

    Cheryann Newbie
      I started a S-Corp 2 years ago. I am an independent consultant for the medical field. However, I recently had an opportunity presented to as that I couldnot pass up, but in order to take the opportunity, I had to take it as a full time employee. So my S-Corp is just sitting there for now. Is it ok to let my S-Corp sit as long as I continue to file and pay the necessary forms and fees for the government (just reporting zero income) until I this opportunity ends (1 yr or so) at which time I will resume working under the S-Corp? Or, is it better to close out the S-Corp and start all over when the time comes. I was hoping not to have to go through all of the start-up procedures again.