I have recently paid to extend my premium account yet, I am receiving a message, when I login, that says that my enterprise corporations are bign closed due to non-payment....
Your payment keeps the account active. Each active account gets 1 free entity, so either your CEO or your Empire. Every other entity requires 1 GC per day to remain active. Pro tip, use boosters instead of paying gold coin directly. Each gold coin spent on a booster also extends the entity by 1 day. Make your CEO your free entity, and use population boosters on country to extend the country. That way you get a nice population boost with your extension.