This topic contains 1 reply, has 1 voice, and was last updated by Priyanka Prakash 9 months, 2 weeks ago.
s-corp scammers
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Viewing 2 posts - 1 through 2 (of 2 total)
Fit Small Business: Get Your Business Into Shape! › Forums › Ask a Question › s-corp scammers
This topic contains 1 reply, has 1 voice, and was last updated by Priyanka Prakash 9 months, 2 weeks ago.
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?
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
315 Madison Avenue, 24th Floor
New York, NY 10017
info@fitsmallbusiness.com
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