Your Unused LLC Still Has Deadlines
The property sold two years ago. The LLC didn't. Inactive isn't a status the state recognizes, only open or closed.
The property sold two years ago. The LLC didn't. Inactive isn't a status the state recognizes, only open or closed.
Ask where each entity was formed and the answers come fast. Ask where each one is registered and they slow down. That gap is where franchise taxes go unpaid.
The CPA is the request you expect. The lender, the bank, the title company and the broker arrive with less warning and a deadline attached.
A lawsuit, a deadline, and an advertisement arrive in identical envelopes, forwarded to whichever address was on file at formation. Sorting them is a job nobody assigned.
The ownership number you'd say instantly is the one from formation. The real one is in an amendment attached to an email. How drift happens and how to keep the chain.
Not a data-entry afternoon. One entity, the folder you already have, and the two things Rhodes will ask you before it locks anything in.
What's holding up an extended return in October is rarely a number. It's a K-1, an amendment, or a state notice sitting somewhere that isn't your CPA's inbox.
Everything entity-related is cheaper to fix when nothing is due. The six-check audit for the widest window of the year — before Q4 arrives with its pile.
The scramble is over — which makes this week the best moment on the calendar to be honest about how it went. The four-question retro, while it's fresh.
Succession is a records problem wearing a relationship costume. What your CPA knows that isn't written anywhere you control — and the continuity test to run now.
Distributions feel like the fun direction, which is exactly why they're tracked worse. The mirror image of the capital-calls piece: the money coming back.
The fire drill was loud; covenants are silent. What a signed credit agreement quietly adds to your calendar, and why obligations that live inside PDFs get missed.