Legal Question in Business Law in Nevada
can a business shut down and reopen under a new name when it owes money to people under the old name?
Asked on 2/28/10, 5:13 pm
1 Answer from Attorneys
Jeffrey Cogan
Jeffrey A. Cogan, Esq., Ltd.
Yes, but there are ways to get around it. If they are both incorporated, you can sue under fraudulent convenience. If not, just sue the new company for the debt owed.
Answered on 3/06/10, 4:54 pm
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