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Thursday, March 18, 2010 6:36:50 PM
If he does not file and just closes the doors then creditors and shareholders can come after him and his personal assets because a half decent atty can link the consulting fees he has been paying himself as piercing the corporate vail.
If he files the courts do not look at or expore that because they view it as a standard way of doing business based on an established track record of doing so. Meaning the shareholders and creditors are stuck holding the bag and he walks away clean and able to transfer all the money into his private venture. AKA USAcigs.
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