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Corporate Dissolution

Often when a corporation ends business its principals simply stop filing annual reports with the Division of Corporations and allow the corporation to be administratively dissolved.  One important consideration often overlooked is the continuing liability under an administratively dissolved corporation.  While administratively dissolved, shareholders, officers, and directors may bear personal liability for acts they take on behalf of the corporation while they know the corporation to be administratively dissolved (F.S.

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Posted in Business Law
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