What to do...?

superduperwesman · #1 03-10-2010, 02:02 AM

So I was a full time contractor consulting in the oil and gas industry but have now taken an employee position. I will for surely be contracting again in the future (prob 2-3) years. So what do I do with my company during that time? My accountant said I can file null returns but they'll still cost me around $200 a year which seems sucky when there is no "company" money coming in, but keep in mind that if I completely shut down the company it'll cost money to start up again so what do I do?

golf nut · #2 03-10-2010, 02:26 AM

Quote:

Originally Posted by superduperwesman

So I was a full time contractor consulting in the oil and gas industry but have now taken an employee position. I will for surely be contracting again in the future (prob 2-3) years. So what do I do with my company during that time? My accountant said I can file null returns but they'll still cost me around $200 a year which seems sucky when there is no "company" money coming in, but keep in mind that if I completely shut down the company it'll cost money to start up again so what do I do?

Take away the cost of start up away from the yearly re-filing cost, if it's black stay if it's red, bail.

It really depends on the 2 to 3 year assumption.