Lost Revenue
8:38 am
Thu December 5, 2013

Don't Register Your Business With The State? It Might Get Dissolved.

Secretary of the State Denise Merrill on WNPR's "Where We Live" earlier this year.
Credit Chion Wolf / WNPR

The Secretary of the State, Denise Merrill, said she may seek the authority to dissolve companies that don't comply with state registration requirements.

All businesses forming in the state must register with the office each year. 

Merrill's office said a partial review of records by state auditors has revealed that a significant number of companies haven't renewed their registration.

That could mean a loss of revenue for the state, which collects a registration fee from companies.

Now Merrill may ask the legislature to give her office the power to legally dissolve companies that don't keep up with registration.