Legal Question in Business Law in California

I have a CA suspended corporation that I am trying to revive, but do not have the means to pay the back taxes owed. 1) Can I still do business as the suspended corporation to obtain the monies to do this? 2) Can I start a new company to do business under to gain the neccessary monies to do so?


Asked on 8/27/09, 1:29 am

1 Answer from Attorneys
Bruce Beal Beal Business Law

1) Yes, but be careful, as you cannot sue or defend yourself, if sued.

2) Yes, but not necessary due to the above, and due to the fact that each corporation is a seperate legal entity, which should be kept seperate for liability reasons.

IMPORTANT: The above material does not constitute legal advice and should not be relied on. It does not create an attorney-client relationship. Each locality has differing laws. Each matter has differing facts. A legal matter cannot be satisfactorily resolved without a comprehensive review and analysis of all the unique facts and laws at issue by an able attorney. Your matter may result in a loss of rights if you do not timely retain such an attorney.

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Answered on 9/09/09, 1:05 pm


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