How should I answer how my "describe s corporation disposal" if I dissolved a solo shareholder S corp with no property, 0$ for one stock and no remaining equity

The S corp was for lab consult business with no property and single income from a sole vendor. I just distributed remaining balance to sole shareholder and dissolved. Simple S corp.

414

Expert Alumni

Mar 13, 2023 5:14:48 AM

You would describe the dissolution as Dissolution of a S-Corp without liabilities. Only asset was cash which was distributed to sole shareholder.

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How should I answer how my "describe s corporation disposal" if I dissolved a solo shareholder S corp with no property, 0$ for one stock and no remaining equity