Hi,
I am the owner of a FL commercial space. My previous tenant ran a bar in my space. She died and left a damaged building in her wake. We found her corporation has been inactive for the past 10 yrs. The corporation has a liquor license as an asset. I was told I can take over an inactive corporation and secure it’s assets? Is this true? Is it legal to just take over an inactive corporation?
Thanks!
I would start by checking with the state alcohol licensing bureau. If it has been inactive for ten years, is it still good?
Hi,
abalcktooth, your only supposed to post a single question in a single topic! This is the same question you already asked in a second topic section!
GR
Although I have no knowledge of alcohol licenses, and assuming you comply with those rules, the way to get possession and ownership is through an administrative process whereby you would publish an offer of claim in the public record and put a deadline to anyone refuting such an offer…this, in fact, can be done by using the corporation as surety to pay for the damages left behind by previous tenants who owned the corporation. When no one refutes your offer, then execute an affidavit of non response…this would grant you a tacit agreement through acquiescence.
Then a Notice of Fault, whereby you give one additional opportunity for anyone in the public to refute your claim and have a deadline…saying a non response to my claim will be memorialized with an Affidavit of Non Response and constitutes agreement to grant you specific power of attorney over the account/corporation…after no response, execute a transfer via specific power of attorney from the former owners to you.
Administrative remedies are equally effective as judicial remedies…do your paperwork correct and you will own the company.
Hope this helps.
Rob