Discussion:
Need advice on re-starting business in Maryland
(too old to reply)
news.comcast.com
2006-08-16 20:46:27 UTC
Permalink
I had a consultant company as a sub-chapter-S corporation a few years ago.
I ran into some personal financial problems and let the business go. I did
not pay one of my state taxes in Maryland and received a letter telling me
that I could not run a business in Maryland again.

Was this the final word from Maryland? Is it possible to pay the back-taxes
and penalties and restart this business?

I have my wits about me again and wish to start back up.

Any advice would be appreciated.
John A. Weeks III
2006-08-16 23:48:25 UTC
Permalink
Post by news.comcast.com
I had a consultant company as a sub-chapter-S corporation a few years ago.
I ran into some personal financial problems and let the business go. I did
not pay one of my state taxes in Maryland and received a letter telling me
that I could not run a business in Maryland again.
Was this the final word from Maryland? Is it possible to pay the back-taxes
and penalties and restart this business?
I have my wits about me again and wish to start back up.
Lots of issues here. There are a lot of different forms of
business. Did they say that you could not run a corporation?
Or did they say you could not run any business at all, even a
partnership or sole proprietorship? What do they mean by run
a business? Does that mean you cannot be an owner, and officer,
or a board member?

As far as the final answer, have you asked the state? For example,
if you have paid the back taxes and cleaned up your finances,
how about making a visit to the Secretary of State's office or
the State Dept Of Commerce, and asking them? Maybe you can make
an appeal or get a provisional permit?

Finally, you don't have to have a corporation to do consulting.
There is far less hassle to being a sole proprietorship, and you
don't have to do all the tax forms or pay the double taxation.
You could also have a relative or friend own the business, with
you being the employee. Pay the friend or relative a bit of
money for their contribution to make it legit. Finally, there
are pass-through companies located all over the US. These are
shell consulting companies. You use their name and let them do
the billing, and they pay you minus a small cut. Some even have
benefit plans and let you take out insurance and retirement plans.

-john-
--
======================================================================
John A. Weeks III 952-432-2708 ***@johnweeks.com
Newave Communications http://www.johnweeks.com
======================================================================
George
2006-08-18 06:00:08 UTC
Permalink
Unfortunately, I can't find the original letter. I have to look in some
more boxes.
Post by John A. Weeks III
Post by news.comcast.com
I had a consultant company as a sub-chapter-S corporation a few years ago.
I ran into some personal financial problems and let the business go. I did
not pay one of my state taxes in Maryland and received a letter telling me
that I could not run a business in Maryland again.
Was this the final word from Maryland? Is it possible to pay the back-taxes
and penalties and restart this business?
I have my wits about me again and wish to start back up.
Lots of issues here. There are a lot of different forms of
business. Did they say that you could not run a corporation?
Or did they say you could not run any business at all, even a
partnership or sole proprietorship? What do they mean by run
a business? Does that mean you cannot be an owner, and officer,
or a board member?
As far as the final answer, have you asked the state? For example,
if you have paid the back taxes and cleaned up your finances,
how about making a visit to the Secretary of State's office or
the State Dept Of Commerce, and asking them? Maybe you can make
an appeal or get a provisional permit?
Finally, you don't have to have a corporation to do consulting.
There is far less hassle to being a sole proprietorship, and you
don't have to do all the tax forms or pay the double taxation.
You could also have a relative or friend own the business, with
you being the employee. Pay the friend or relative a bit of
money for their contribution to make it legit. Finally, there
are pass-through companies located all over the US. These are
shell consulting companies. You use their name and let them do
the billing, and they pay you minus a small cut. Some even have
benefit plans and let you take out insurance and retirement plans.
-john-
--
======================================================================
Newave Communications http://www.johnweeks.com
======================================================================
Loading...