The state can suspend the entity's corporate status until the taxes are paid or even dissolve the corporation for failing to pay taxes.

Name: The state can suspend the entity's corporate status until the taxes are paid or even dissolve the corporation for failing to pay taxes.
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Question

Quizplus · Accepted Answer

This is true. If a corporation fails to pay taxes, the state can take action to suspend or even dissolve the corporation's status until the taxes are paid.

The State Can Suspend the Entity's Corporate Status Until the Taxes