Corporations » Corporate Dissolution Legal Questions and Answers
What happens to the debt owed by my company once we close our doors?
My pet store sells pet food and pet related prdoducts. Business is very bad and we want to close the store. We owe about $100,000 to vendors and about $4000 to gas and electric. We are a corporation. If we close our store what could they do to us?
03/29/2009 | Category: Corporations » Corporate Di... | State: New York | #15812Can I file bankruptcy on an S Corporation as CEO and 50% shareholder without partners permission?
I have a California S corp that is currently $750,000 in debt. I have a partner and 50% shares. I am CEO and want to file bankruptcy because all the loans have been called due immediately. We have no corp assets and no money. The building (partner owns) is going into foreclosure (doors have been closed since last July). Can I file bankruptcy as the CEO without my partner's...
03/04/2009 | Category: Corporations » Corporate Di... | State: California | #15428Can you dissolve a corporation if you owe state taxes and city taxes?
Can you dissolve a corporation if you owe state taxes and city taxes or do you have to declare bankruptcy? Our debts exceed our assets and we are concerned about future dealings under the same corporation.
02/04/2009 | Category: Corporations » Corporate Di... | State: California | #15148Where can I find a form to dissolve a LLC partnership?
I need a form to dissolve a LLC partnership. I am not dissolving LLC company.
01/27/2009 | Category: Corporations » Corporate Di... | State: Wisconsin | #15073Can we sue a corporation that no longer exists?
We have a judgment against a contractor (corporation) following an arbitration. Appeal of the judgment just expired. Right after the arbitration award was issued in our favor, the owner moved assets from the subject corporation to another of his businesses which we believe is a fraudulent conveyance. The owner is allowing an automatic termination of the corporation by not fi...
01/04/2009 | Category: Corporations » Corporate Di... | State: Virginia | #14916If a corporation never conducted any business is it necessary to dissolve the corporation?
A person formed a corporation and filed the necessary documentation, but he never actually conducted any business as a corporation. If the corporation never actually conducted any business, or if the corporation has ceased to do business, is it necessary to dissolve the corporation?
01/05/2007 | Category: Corporations » Corporate Di... | State: Alabama | #155