I have heard of the various risks with doing that, and I've never understood how those risks go away with dissolution.
If the company is shutdown and not making money, then failure to file annual reports and tax returns is irrelevant because you will have no income to be taxed or fined against. You would have annual state filing fees that would go unpaid, but you would never be personally liable for them. And I can't imagine how you would be personally liable for the actions or inactions of a corporation that conducted no business.
I've thought about this and asked around. I was told that if I did not pay my tax returns and annual reports, the State of Delaware can go after me personally. I'd rather not risk that, and there is a monthly fee that gathers up if I don't pay the annual reports on time; which is what happened this time around.
Have you spoken to an attorney about this? They may be the best people who can advise you in this situation. Look around your area some lawyers offer free consults.
IANAL either ... but directors of companies do have legal responsibilities, and is it possible that the authorities could choose to purse the directors for failing to fulfil those responsibilities.
In the UK at least I believe you can be prevented from holding directorships in other companies, which may mess things up for you personally in the future even without a financial impact.
Not sure what happens if all the directors in a company resign?!
You can let the company fall into bad standing.
I have heard of the various risks with doing that, and I've never understood how those risks go away with dissolution.
If the company is shutdown and not making money, then failure to file annual reports and tax returns is irrelevant because you will have no income to be taxed or fined against. You would have annual state filing fees that would go unpaid, but you would never be personally liable for them. And I can't imagine how you would be personally liable for the actions or inactions of a corporation that conducted no business.