If a corporation never conducted any business is it necessary to dissolve the corporation?
Even if the corporation has never conducted any business, or if it has simply ceased to do business, it is still necessary to follow the proper channels to dissolve the corporation. If the corporation is not officially dissolved, the corporation may still be required to submit tax returns and pay taxes, and the shareholders or members may be personally liable for the debts and taxes of the corporation. In addition, a corporation that has not been dissolved will still be responsible for filing annual reports, even if the company is not actively doing business. There can be no distribution of assets, and there might be future liability for products sold when the corporation was doing business.