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Comment by jagged-chisel

5 hours ago

I don’t know this for certain, IANAL, but it seems to me if they’re threatening to dissolve the entity, that could open the owners to personal liability.

Definitely bring it up with your lawyer.

2 comments

jagged-chisel

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direwolf20  2 hours ago

I believe dissolving a corporation requires you to attest you've paid all debts. If that's impossible, you have to go through the bankruptcy process. If you attest that you've paid all debts but you haven't, now you're committing frame against the government which they really don't like. You could be imprisoned for that.