IANAL and this is probably bad advice, but...

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.