Elect S corporation status by March 16
If you own a small business, you have until March 16, 2015, to choose S corporation status for this year. In order to become an S corporation, you'll need the unanimous approval of all shareholders.
Sometimes you need to close your corporation... I have seen to many businesses struggle with debts that are unbearable as circumstances change; a downward eceonomy, technology obsolesence or change in customer demographics. Many owners fear the closure, as they do not know of the ability to salvage some tax dollars through the closure.