Alternative Energy Partners Inc (AEGY)

[chartisto]

Uh oh. Shareholders of Alternative Energy Partners Inc. AEGY are by law "personally liable for all debts and liabilities incurred in the continued operation of the corporation's business" and may owe IRS taxes, all because Alternative Energy Partners Inc [AEGY] was administratively dissolved by state of Florida.

WTF buy more. LOL!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123931121

http://info.legalzoom.com/happens-shareholder-dissolved-corporation-21095.html

"Administrative Dissolution

Such a dissolution means that the corporation ceases to exist, typically without the shareholders' knowledge. Significant adverse consequences will result, such as the shareholders becoming personally liable for all debts and liabilities incurred in the continued operation of the corporation's business.

Also, the IRS will treat the dissolution as a distribution of assets to the shareholders, despite the fact that the shareholders did not intend to dissolve the corporation and make a distribution. This will cause the shareholders to incur a tax liability they were not planning for."