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for nonpayment of Oklahoma franchise taxes at some point during
the years in issue. Two of the Corporations also had their
charters reinstated during the years in issue. At the time of
the trial none of the Corporations was dissolved, merged, or
consolidated, and none of the Corporations had filed an "intent
to dissolve". Petitioner's bankruptcy discharge order was issued
on a "Joint Debtors" form, and shows the debtor as "Wilburn C.
Hall, Jr. aka W.C. Hall, Jr., Bill Hall, Jr. dba Empire Drilling
Company".
All of the Corporations were formed for business purposes.
However, the corporate formalities of electing directors, etc.,
were not followed. Four of the Corporations (Stroud Land, Stroud
Builders, Preferred, and Petron) may have filed tax returns
during the years in issue. None of the Corporations, other than
these four, filed tax returns.
Petitioner was an incorporator and the service agent of
Concordia, Six Drilling, Brazos, Empire, and Petron. Petitioner
was the service agent for Stroud Land, Stroud Builders, Paramount
Farms, Service Rig, and Paramount Oil.
Table 1 lists each of the Corporations and shows when it was
incorporated (I), when it was suspended for failure to meet
franchise tax requirements (S), and when it was reinstated on
meeting franchise tax requirements (R).
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Last modified: May 25, 2011