What is a Pennsylvania Statutory Close Corporation? In short, it is a special type of business corporation that has certain informal “small company” protections built in. “Closely-held corporations” are defined as: 1) 30 or less shareholders; or 2) “statutory close corporations.” § 1103.
How do I close my pa withholding account?
You can close your sales tax, employer withholding, and miscellaneous tax accounts online by logging in to your e-TIDES account. The option will be available under the “Enterprise Maintenance” section. You can also close these accounts by filing Form REV-1706 for business or account cancellation.
What is a PA Corp?
A PA is an entity designed for businesses offering a professional service. In some jurisdictions, only certain service professions can form a PA. Common professions that utilize the PA designation include: Medical doctors. Veterinarians.
How does a corporation dissolve in the state of Pennsylvania?
Your corporation is registered with the State of Pennsylvania. Officially ending its existence as a state-registered business entity, and putting it beyond the reach of creditors and other claimants, begins with a formal process called “dissolution.”
Where can I get a PA business closing form?
Additionally, the steps included may have a fee associated with them. To see if there is a fee and the amount, please visit the Pennsylvania Department of State website. If you have any questions regarding the closing process or which forms you’ll need, Contact Us. Visit our Library to access the appropriate forms for closing your business.
What makes a closely held corporation in PA?
Note: “Closely held corporation” is defined as a business corporation that: (1) has not more than 30 shareholders; or (2) is a statutory close corporation. This chapter may be applicable to all types of business corporations, other than a management corporation.
How to do a business record search in PA?
Record searches will provide a complete filing history of an entity. You may request a written search by submitting a letter to the bureau at: Department of State, Bureau of Corporations and Charitable Organizations, PO Box 8722, Harrisburg, PA 17105-8722. Your letter must contain the name and address of the entity to be searched.
