Legal Question in Business Law in Florida

Business law (contracts etc)

I have closed a business, operating as a ''C'' Corp., sold off all the assets, and have only one remaining lease agreement, a copier lease with about 2 years remaining. I am thinking about disolving the Corp. and walking from the lease. I am not personally liable for any of it. So should I a) walk on the lease and leave it as an unpaid creidtor of the Corp., and b) should I disolve the Corp. for andy additional protection?


Asked on 8/01/07, 7:04 pm

2 Answers from Attorneys
Johm Smith tom's

Re: Business law (contracts etc)

You need to pay an attorney to go over this; this is not a question for this forum.

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Answered on 8/01/07, 7:17 pm
Scott R. Jay Law Offices of Scott R. Jay

Re: Business law (contracts etc)

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

I generally advise my clients to leave the corporation open while they can. That way, the corporation will be sued for any debt rather than the individual as a trustee for a dissolved corporation. It is actually cheaper to leave the corporation open than dissolving it which would cost a fee with the State of Florida.

Scott R. Jay, Esq.

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Answered on 8/05/07, 12:05 am


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