Legal Question in Business Law in Florida

What is a business's responsibility with regards to having vendors w-9's on file? If a vendor is found to have a suspended status (Calif) then what risk does the business take in continuing to do business with a suspended corp.?


Asked on 8/26/09, 8:53 am

1 Answer from Attorneys
Philip Duvalsaint Philip A. Duvalsaint, PLLC

I'm not sure what you mean by suspended. In Florida a corporation could become administratively dissolved for failure to timely file its annual report. One ramification is that the principals may become personally liable for certain corporate actions. In addition, a dissolved corporation in Florida has not official status meaning that it cannot maintain a lawsuit (defend or prosecute) unless it is winding up its affairs.

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Answered on 8/26/09, 1:39 pm


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