Dumb Question How do you know if you have actually commenced business? I know this sounds like a silly question, but I need to dissolve a company and I'm kinda stuck.
Let me give you a brief rundown. I got caught up in a preconstruction condo. The real estate agent, guaranteed I would never have to close on it. Well, guess what... I had to close.
The payments, insurance and fees on the condo total about 4K a month. I was concerned I couldn't make the payments and would lose everything. The realtor (bless her crooked little heart), suggested I put the condo in a corporation name. She said that way, they couldn't touch my stuff.
So I opened a one man corporation and put the condo it the corps name. I since found out the corp was NOT the way to go and I could end losing more money in the long run.
My question: Since I put the condo in the company name; is that considered commencing business? I tried to rent the condo, but with the economy like it is, people are setting home instead of vacationing. In otherwords, I haven't made one red cent on the hellish thing.
I need to dissolve the corp and there are different forms depending on whether the corp commenced or not. If it did... I fill out this form, if it didn't... I fill out that form.
Can someone tell me if putting the condo in the corp name, but never generating any revenue, if I commenced business?
Thanks! |