I started a NJ incorporation and never made a dime. I didn't have money to even pay the annual fees for NJ. They gave me an option to pay a monthly fee on what was owed. I followed through with it but recently lost my job and I couldn't pay that amount.
They said that if I didn't pay them the monthly fee then the account would be forwarded to collections. What does that mean? In addition, I recently received a letter from the state that the company is no longer active and that if I ever wanted to use the company again I would have to pay what is owed and then re-open the company.
So where does this leave me? What are my liabilities?In addition, when I am on my feet again, am I obligated to pay up for the annual fees if I don't want to use the company anymore? Or is that optional? I would like to pay anyway but would like to know. Also, when i am not paying, is that amount piling up to the bill or since the company is not in good standing the tax doesn't accrue?