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If you're running a large business for most of these things you'll have someone to do it for you, but if you're running a small business, expect to spend ~10% of your time on business administration FOR FOREVER.
I still spend time on business administration for businesses I'm not even in anymore.
(Most recently: 15 minutes on phone and 15 minutes of email followup due to an annual rebill against one of my credit cards for a SaaS account that I suspect was orphaned when I sold business.)
(Most recently: 15 minutes on phone and 15 minutes of email followup due to an annual rebill against one of my credit cards for a SaaS account that I suspect was orphaned when I sold business.)
Before that:
State X: "Why didn't we get a tax return from you?"
me: "Business no longer exists."
State X: "There is a form for that."
me: "*sigh* Of course there is."
State X: "Why didn't we get a tax return from you?"
me: "Business no longer exists."
State X: "There is a form for that."
me: "*sigh* Of course there is."
You might think "Well that's sort of unreasonable for you to expect you could just close up without telling them" but this is a state I've been to twice in my life and where annual revenue would have bought a nice dinner for two, so I think relatively reasonable to be miffed.
