West Coast Ventures Group Corp fka WCVC

[PennyHoper]

Re that Fiduciary duty blog article - good stuff in there. Thanks for posting the reference.

Some other important, but somewhat alarming, information is also found in it:

What Happens When A Corporation Dissolves?

The existence of a Corporation continues until it is dissolved. When a Corporation is dissolved, it ceases to exist as a matter of law. A Corporation may be voluntarily or involuntarily dissolved.

Generally, the shareholders can vote to voluntarily dissolve the corporation. A Certificate of Dissolution must be filed with the Secretary of State of the state of incorporation to voluntarily dissolve the Corporation. Upon dissolution, corporate assets are sold and distributed to creditors and shareholders.

A Corporation can be involuntary dissolved by court order or by the Secretary of State if the corporation has failed to file annual reports or pay required annual registration fees. ..

Nixon's company exists as a matter of law, at least in Colorado. However, the worrisome bit is about dissolution due to failure to file state reports and file annual registration fees.

Nixon has let that happen to the parent corporation in Florida for West Coast Ventures Group Corp and might be letting that happen for the parent corporation for Nixon Restaurant Group, Inc, also in Florida, as the state business info for it:
https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=NIXONRESTAURANTGROUP%20P150000841150&aggregateId=domp-p15000084115-b9e0da33-7c5b-480a-a81d-8ff90b1401f3&searchTerm=nixon%20restaurant&listNameOrder=NIXONRESTAURANTGROUP%20P150000841150

shows that Nixon hasn't yet filed his annual report (which requires a fee) for 2024. That is due May.1. If not filed, with a late fee, by a certain time in September, it will be dissolved, like West Coast Ventures Group Corp.

The only 'upside' is that Nixon is keeping up with his 'branch' filings in the Colorado state business registry. It sure seems like he is playing games here.