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Re: Planet Paprika post# 656162

Friday, 05/07/2021 4:17:04 PM

Friday, May 07, 2021 4:17:04 PM

Post# of 726452
For legal reasons, any entity out of business always keeps the State Certificate open for 3 years statute of limitations for legal liability reasons, lest a corporate veil get pierced from those following the money. It is not unusual for this to be kept open in Good Standing (which only means your state required filing is up to date), and the Business to be closed at the same time. Both can absolutely be true. Both are true in our case.

Takes 5 minutes of document filing, and less than $200 filing fee to maintain this liability protection. Frankly I'm glad they are, as Hot Coffee Alice has a penchant for filing and losing continual lawsuits.

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