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Company Cancellation and Limited Personal Liability

Are you personally liable if your company defaults on its commercial lease?

You formed your LLC or corporation so that, among other reasons, you as an owner can enjoy limited liability from the debts of the company. In this new age of virus-induced authoritarianism in America, when a state governor can tell you that your company is not allowed to operate, you are probably very thankful for that limited liability protection if your company needs to default on some debts, such as its commercial lease.

But what if your company has been cancelled?!

In this video I discuss how your company might have been cancelled even without you knowing that it happened, what you can do to avoid it, and the best way to avoid the most awful consequence–personal liability–in case your company has been cancelled.

Entrepreneurs are going to save the world, and Argent Place Law wants to help. That’s why we are a team of entrepreneur-lawyers serving Entrepreneurs just like you. Think how great it will be to have a legal team with entrepreneurial experience on your speed dial so you can call us up and say, “I forgot to pay my annual registration fee and my company has been cancelled! What do I do?” Call Argent Place Law to find out.