Tax,
Corporate,
Administrative/Regulatory
Apr. 5, 2018
What can you do if your suspended corporation receives a check?
A corporation may pay a penalty and receive forgiveness for entering into contracts that otherwise would be voidable -- but it's unclear what happens to the person who acts for the corporation.
What can you do if your suspended corporation receives a check?
When a corporation has finished its useful life, California provides a legal mechanism and procedure to wind down the corporation and dissolve it. If a corporation properly dissolved unexpectedly receives a check, large or small, as part of its winding down process, that check may be cashed and distributed.
However, many people si...
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