Legal Question in Business Law in Nevada

corporations

what are the liabilities of purchasing a ''revoked'' corporation.


Asked on 2/20/09, 11:02 am

2 Answers from Attorneys
Warren Markowitz Warren R. Markowitz, Esq

Re: corporations

A revoked corporation isn't a corp. The registration has been terminated and the company is no longer protected and or established under the laws of the state.

I would suggest that you have the "owner" correct the problems before moving ahead.

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Answered on 2/20/09, 11:38 am
James Smith James E. Smith Ltd.

Re: corporations

If you are just buying a revoked name it is not a problem because the old corporation is revoked. If you are a successor-in-interest buyer, or are purchasing hard assets of a revoked corporation, you then may be liable for the revoked corporation's liabilities.

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Answered on 2/20/09, 12:17 pm


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