I paid a lawyer $500 to register a corporation for me (reasonable amount where I live). Based on new accounting information I received, it looks like I will only use the company in 2 years(!) Should I close the company and open it again when I need one? OR should I just leave it open with no activity for 2 years in order not to pay legal fees again ($500) for registering a new company in 2 years?
In other words, if I leave the company open will I have any accounting expenses in the meantime? OR since there is ZERO activity a reasonable accountant should not charge me anything in the meantime?
Lastly, if I leave it open, will I have to send a tax return every year, even when company not active? THANKS.
Leave it open. Yes, you need to file a tax return each year for the business regardless of activity. But it'll be cheaper to do it that way rather than close and re-open in the future,