Legal Question in Business Law in California
Loan
I gave someone a loan through my
corporation ''WMG'' to an individual. The
corp is not suspended can I still sue the
individual for the amount as he failed to
pay or sell the debt to another company
and sue? Please give me options
Asked on 1/02/09, 3:44 am
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: Loan
Previously answered. Another option besides assigning the claim - which might have unwanted tax consequences - is to cure the corporation's reason for suspension and apply for revivor.
Answered on 1/02/09, 11:53 am
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