jkedward@stoneturtlesoftware.com (Jon) writes:
I worked for a startup (before the dot-gone made such excitement
history) and bought several thousand shares of the company.
Subsequently, the company "downsized" until only two people remain, a
VP and a manager (I am neither). Last I heard, the company had become
a branch of a second company.
While doing my taxes, it occurred to me that while I get annual
reports from other companies I own stock in, I have never received any
from the startup. No K1s, no 1099DIV, nada. The company is
incorporated in Deleware, and the stock is "unregistered".
If the company isn't public, annual reports aren't required (this is
one reason why some companies never go public). That the stock is
"unregistered" is a clear indication the company isn't public.
Should I have been getting annual reports?
Generally not.
Are my income taxes incomplete without some input from these guys?
Not if you haven't received any money (dividends, etc). And since it
is a C corporation, there won't be a K-1.
approach this vanishing corporate entity? Or are they somehow
absolved of any responsibility to provide documentation because of the
state of incorporation?
They are absolved from that responsibility due to not being
a publically-traded company.
--
Rich Carreiro rlcarr@animato.arlington.ma.us
