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Re: help me post# 122962

Monday, 08/22/2022 3:44:59 PM

Monday, August 22, 2022 3:44:59 PM

Post# of 124098
More facts needed? OK, I'll try to help.
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essentially prohibited from legally operating within the State of California unless and until such suspended status is withdrawn.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.

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