Hop-On Inc (HPNN)

[PRmaniac]

If your business is suspended/forfeited (Like HPNN is)
You cannot:

Legally do business
Sell, transfer, or exchange real property
File with an automatic extension
Be issued a refund
Start or continue a protest
Legally close or dissolve your business
Bring an action or defend your business in court
File or maintain an appeal before the Office of Tax Appeals
Maintain the right to use your business name (Hop-On has lost rights to the Hop-On business name - someone else now owns the name)
Secretary of State (SOS) will deny your revivor request if the entity name is no longer available.
SOS will require your business to choose a new name
Retain tax-exempt status.
We revoke an organization’s tax-exempt status as of the suspension date.
Your business may be subject to a $2,000 penalty per tax year for failure to file missing tax returns within 60 days after receiving a written demand to do so.

If your business cannot pay its taxes, we may make you personally responsible if you:

Took assets out of your business
Have unpaid loans to shareholders
Paid excessive salaries to officers
Contract voidability
If you enter into any contracts while you are not in good standing, the other party can void the contract.

Unless you apply for, and we grant relief, your business contracts remain:
Voidable
Unenforceable