Legal Question in Business Law in Minnesota

Closing business, with 1 year remaining on office lease

I have closed my Sub S business. I have 1 year remaining on a four year office lease. With my corporation out of existence, do I have any obligations to fulfill my lease?


Asked on 1/30/02, 8:48 am

1 Answer from Attorneys
Maury Beaulier612.240.8005 Minnesota Lawyers

Re: Closing business, with 1 year remaining on office lease

That depends on how the contact was formatted and signed. If you signed as the CEO or an officer of the subchapter S corporation, the corporation is obligated. If you signed the contract without discerning that you were signing for a corporation, you are personally obligated

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Answered on 1/30/02, 12:53 pm


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