05-21-2014, 07:18 AM
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Confirmed User
Industry Role:
Join Date: Aug 2001
Posts: 832
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Quote:
Originally Posted by L-Pink
You have no idea what you are talking about.
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No idea?
Quote:
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When a California corporation is suspended, the corporation has lost all of its rights and privileges and cannot legally operate. Technically, the corporation is required to close its doors, and to stop all business related activity. A suspended California corporation cannot sue, or defend, any action in court. In addition, a suspended California corporation that provides a service, or goods, to third parties while suspended may not be able to collect payment for such services and goods since the suspended California corporation technically was not permitted to engage in any business transactions. For a suspended California corporation to once again achieve good standing, the California corporation must be revived.
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Source: http://www.yourlegalcorner.com/articles.asp?id=35
This page also says the company cannot conduct business while being suspended.
https://www.ftb.ca.gov/businesses/faq/728.shtml |
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