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Originally Posted by L-Pink
No it's not. In most cases it's just an oversight. An oversight that does not affect the business or it's day to day operations. A corp forgets to pay a renewal fee, so what?
Why are you so obsessed with this?
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Does not affect the business?
Sorry if this might sound a bit rude. Which part of the following do you not understand?
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When a California corporation is suspended, the corporation has lost all of its rights and privileges and cannot legally operate. Technically, the corporation is required to close its doors, and to stop all business related activity. A suspended California corporation cannot sue, or defend, any action in court. In addition, a suspended California corporation that provides a service, or goods, to third parties while suspended may not be able to collect payment for such services and goods since the suspended California corporation technically was not permitted to engage in any business transactions. For a suspended California corporation to once again achieve good standing, the California corporation must be revived.
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You really think the above doesn't "affect business"?
