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Thomas McJD
Thomas McJD, Attorney
Category: Business Law
Satisfied Customers: 6516
Experience:  Experienced in Corps, LLCs, Partnership, etc.
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When a corporation decides to dissolve and the proper dissolution

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When a corporation decides to dissolve and the proper dissolution documents are filed, does Florida law permit business to still be ongoing for a short time after dissolution? For example, could a website remain active with a posted message regarding the dissolution, and not transacting payments for manufactured products, but allowing activity on the company website to continue for a short time?


Hi, I will be happy to assist you, and it is my goal to make you a very satisfied customer! This may take a few minutes, so thanks for your patience.


For what purpose would the website still be operational?


Purpose would be a helpline for customers, FAQs for example ... another, reviewing helpful postings for customers.


The statutes provide the following powers to a corporation in winding up its business as part of dissolution:

(1) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:
(a) Collecting its assets;

(b) Disposing of its properties that will not be distributed in kind to its shareholders;

(c) Discharging or making provision for discharging its liabilities;

(d) Distributing its remaining property among its shareholders according to their interests; and

(e) Doing every other act necessary to wind up and liquidate its business and affairs.


If it's part of completing the business, it can be kept up. Plus, leaving information on the webpage really isn't conducting business. You're not selling any product or service, just leaving information available to customers, so ...


Yes, exactly. Thank you.


Trying to rate now, waiting on system to allow. Thank you again.


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