Tuesday, January 11, 2011 1:15:19 PM
What are the consequences of being administratively dissolved versus voluntarily dissolved?
If the corporation voluntarily dissolves it indicates the corporation requested the dissolution. If the corporation is administratively dissolved, the Secretary of State's office has dissolved the corporation. An administrative dissolution could cause difficulty in the future if the corporation wishes to bid on a state contract, or tries to obtain a loan or complete certain financial transactions through a bank.
Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting....... "holy crap, what a ride!"
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