An annual return must be filed with the West Virginia Tax Commissioner by July 1st of each year. The return must include:
- The address of the corporation’s principal office;
- The names and mailing addresses of its officers and directors;
- The name and mailing address of the person on whom notice of process may be served;
- The name and address of the corporation’s parent corporation and of each subsidiary of the corporation licensed to do business in this state;
- The county or county code in which the principal office address or mailing address of the company is located in;
- The corporation’s business class code; and
- Any other information the tax commissioner considers appropriate
Unless unanimously waived by the shareholders, a corporation must mail financial statements to its shareholders within 120 days after the close of each fiscal year. This statement must include a balance sheet, an income statement and a statement of changes in shareholders’ equity for the year unless that information appears elsewhere in the financial statements.
A corporation may dissolve in several ways. It may choose to do so voluntarily or be court-ordered. Typically, articles of dissolution must be delivered to the probate judge for filing before wind up and liquidation of assets can occur.