Legal Question in Credit and Debt Law in Florida

If I dissolve my S-Corp in Florida, is the corporation still obligated to pay its creditors?


Asked on 3/09/10, 10:35 am

2 Answers from Attorneys
Steven Meyer CPLS, P.A.

A coporation always must pay its debts if there are assets avaiilable. If a corporation is dissolved, then it is required to sell any remaining assets and use the money to pay the corporation's creditors.

If the corporation is dissolved in the correct manner following a statutory procedure, then the owners of the corporation are not liable for the corporation's debts. However, if the correct procedure is not followed, then it is possible that the owners will be liable for the corporation's debts.

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Answered on 3/14/10, 10:45 am
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Yes. Whether it can is anotter matter

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Answered on 3/18/10, 9:11 pm


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