I am in the US military reserves and will be deploying to Iraq this December. I have begun to start a contracting business with my father, my question is can I continue to develop my business and turn in all paperwork to start my business now and "pick up" when I return home? Would I need to file taxes if I have a registered business but I dont DO any business during this year? The reason I ask is because I would like to come home and be able to continue with business as opposed to filing my business paperwork then setting me back further.
2007-10-08 12:03:51 · 2 answers · asked by John G 2 in Business & Finance ➔ Small Business
You can start a corporation via an incorporator in your state if you have a registered agent with an address in your state. Many law offices will do this for you, but you need to have the incorporator appoint a board of directors to handle the business.
You must authorize stock for the company and buy it to maintain control.
2007-10-08 12:17:12 · answer #1 · answered by Feeling Mutual 7 · 1⤊ 0⤋
Technically yes you can. Whether or not you have to file a tax return depends on how your business is structured.
Stay safe over there..... and thanks.
2007-10-08 12:42:00 · answer #2 · answered by Judy 7 · 0⤊ 1⤋