Can I Be Sued By My Defunct Corporation’s Creditors?

Can I Be Sued By My Defunct Corporation’s Creditors?

Yes, you can be personally liable for corporate debts, if you are not careful. When a business is failing, the members of the board of directors owe fiduciary duties to the corporation’s creditors. Thus, if the board approves the distribution of cash or assets to the shareholders, the creditors can sue the board members personally […]

Should I Incorporate In Nevada Or Delaware?

If you’re doing business in California, you are subject to the laws of the state — thus, forming a corporate entity out of state, such as Nevada or Delaware, does not change the requirement that you register your corporation in California, and pay California’s annual Franchise tax of $800. You really need to consult with […]


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