Replies to post #24984 on Extreme Motorsports of California (fka EMOC)

[xsurfbum]

This is an exerpt from LT's DD on SOVS....



"The company became inactive in the latter part of 1999 when the principal decided to pursue other venture opportunities. After negotiations, the principal has decided to reactivate the company and enter into a Letter Of Intent with Xtreme Motorsports."

"The principal has negotiated a sale of the company to Xtreme Motorsports while simultaneously filing to reactivate the company and convert it to Southern Offroad Vehicle Services, LLC, a New York Limited Liability Corporation. This process may take several weeks as it entails the work of accountants and attorneys in bringing all the filings up to date."


In my opinion reactivating a company has to be far less expensive than buying a fully functioning Co.