Legal Question in Business Law in Michigan

dissolving corporation

If a company is dissolved automatically (corporate status)by the state for failure to keep the status of the corporation up to date, is the owner of the business personally responsible for any debts incurred after that date? I've been told that is known as DBA-doing business as, which makes them liable for their debts. The business continued to do business for approx. 2 years after this happened.

If this is true would he be liable to be sued to recover any debtsor losses?


Asked on 7/14/05, 11:19 am

1 Answer from Attorneys
Blake Lipman Law Office of Blake P. Lipman

Re: dissolving corporation

There may be personal liability for the owner as the corporation has been dissolved by operation of law. You should reinstate the corporation as soon as possible to help avoid any personal liability. For more info, please contact my office at (248)851-3171.

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Answered on 7/19/05, 9:11 am


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