Ask a Lawyer and Get Answers to Your Legal Questions
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.
Did you operate your business as a corporation, sole proprietorship, LLC, or some other type of entity?
So, did you sell the corporation or the assets of the corporation?
Okay, then did you formally dissolve the corporation according to Colorado state law?
Okay, then you have no personal liability. This former customer's business and contracts were with the corporation. Anything owed to him by the corporation is not your personal liability, it was a corporate liability and proper dissolution would have taken care of those types of potential liabilities.
What do you mean by proper dissolution?
Just that you followed the state statutory requirements in dissolving the corporation and winding up its business.
Home Insurance vs. Business Insurance.. Recently I