Legal Question in Business Law in Florida

Re: Non Operating Corporation

If the claim is against the corporate entity which has no assets, why be concerned. If you spend money, it would be ill spent. Uncollectable is uncollectable.

Re: Non Operating Corporation

In a typical situation any judgment against the corporation would be useless to them. However, if the Plaintitff is aggressive they could obtain a judgment and then pursue an action in aid of execution whereby they could attempt to implead you. This is only sucessful if they can prove that you operated the business in a such a way that payments or profits were paid directly to you instead of to the company or that you opened a new corporation that does the same business and only abandoned the old to avoid creditors or judgments.

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Re: Non Operating Corporation

Yes, a dissolved corporation can be sued.

Re: Non Operating Corporation

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Unless there's a way the plaintiff could pierce through the corporation to get to you personally, spending time and money to avoid a judgment against an assetless entity is ill-advised. If the plaintiff's claim is valid, the plaintiff can and will ultimately obtain a judgment, but if the judgment is uncollectible, who cares. Let plaintiff waste his/her time, and you spend your time doing something worthwhile. Pride can get expensive. Be practical.