Monday, August 22, 2022 3:44:59 PM
Petey failed to mention.....
HPNN has no business license.
Status Forfeited - FTB
The consequences of this suspended status can include, without limitation, the business entity being unable to sell, transfer or exchange real property in California, as well as risking any contracts entered into by the business entity during the time of suspension being voidable. See, e.g., Casiopea Bovet, LLC v. Chiang (2017) 12 Cal.App.5th 656, 662; City of San Diego v. San Diegans for Open Government (2016) 3 Cal.App.5th 568, 577. Additionally, the suspended business entity may lose its ability to prosecute or defend legal actions (i.e., file or defend lawsuits). See City of San Diego, supra, 3 Cal.App.5th at p. 577.
In other words, the suspended business entity becomes essentially prohibited from legally operating within the State of California unless and until such suspended status is withdrawn. Moreover, the lack of any functioning legal entity, as a result of the suspension, could expose the suspended business entity’s owners to personal liability based on the debts, obligations and/or liabilities of the business entity. Reason being, the “corporate veil” that normally protects owners of limited liability entities (such as corporations and limited liability companies or LLCs) from personal liability would be damaged by the suspended status. As such, the consequences of this “SOS/FTB Suspended” status could present dire consequences to the business entity as well as its owners and operators.
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM