s-corp scammers

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  Emily Drew 1 year, 11 months ago

  s-corp scammers

  Several years ago I invested in a coffee shop, incorporated as an S-corp. I know now much more than I knew then.
  I, along with a friend, purchased a certain amount of shares. We never received any tax paperwork (k-1), we also have received minimal communications, and in late 2015 I started to do some research.
  I found that not only was the company “entity” suspended per the Secretary of State, but also in default with the State tax board, both for non-payments of payroll tax, business filings, etc.
  I have heard nothing from them and have solicited a response in email form and text form (both of which are considered valid methods of communication, per the agreement).
  In my State we have a “Victims of Corporate Fraud” Disbursement Fund.

  Any thoughts or advice, including to let it go?

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  Priyanka Prakash
  

  Spectator

  

  1 year, 7 months ago

  Hi Emily,

  Have you thought of retaining a business attorney for help on this?

  Have you filed a claim with your State’s disbursement fund?

  Thanks,
  Priyanka
  Managing Editor, Fit Small Business

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