Legal

Ask a lawyer and get answers to your legal questions

Ask a Lawyer,
Get an Answer ASAP!

I want to sell property for a dissolved corporation in

Customer Question
I want to sell...

I want to sell property for a dissolved corporation in illinois

Lawyer's Assistant: Have you talked to an IL lawyer about this?

No

Lawyer's Assistant: What steps have you taken so far?

I have buyer agreed with price.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

This business is closed for last 16 years

Submitted: 3 months ago.Category: Legal
Show More
Show Less
Ask Your Own Legal Question
Customer reply replied 3 months ago
Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call.
Customer reply replied 3 months ago
Let me know if you need more information, or send me the service offer(s) so we can proceed.
Answered in 6 minutes by:
3/29/2018
Lawyer: Attorney Wendy, Lawyer replied 3 months ago
Attorney Wendy
Category: Legal
Satisfied Customers: 1,198
Experience: Member at Keefer & Keefer LLC
Verified

Hello. My name is ***** ***** I am an attorney.

When a business ceases operations and dissolves as a business entity, there are usually state requirements to formally end the existence of that entity (assuming the business operated as a corporation, LLC, partnership or other entity other than a sole proprietorship). Part of that process is what is known as winding up. Winding up involves notice to creditors of the business's plans to stop operations, such that these creditors can then make any claims that they are owed money from the business prior to the business disposing of its assets. In your situation, if I understand it correctly, the business has not operated for the past 16 years. With that amount of time since the business was actually open and functioning, it would be unlikely there are creditors who still believe the business is a going concern. If you are satisfied there are no creditors who are still owed money by the business, a sale of the closed business assets would be appropriate. To effectuate that sale, you will need whatever business approval the business form (corporation - shareholder vote; LLC - member vote; etc.) requires to approve the sale.

I just saw your phone call request come through as I was responding. I am not in a position to conduct a call at this time, but if after our email correspondence you still need to schedule a call, we could do it at a later time.

If you wish to proceed just via email, you can reply to this email with any follow-up questions. If I answered your question and provided excellent service, I would greatly appreciate your 5 star rating at this time.

Please note: This information is for educational purposes only and is not legal advice. No course of action is being proposed and no attorney-client relationship or privilege has been formed as a result of this conversation.

Ask Your Own Legal Question
Customer reply replied 3 months ago
There are no creditors and outstanding debts for this corporation. We have potential buyer for the property. The DEED is in the Corporation's name which is dissolved for a long time. My wife is President for this corporation. Property taxes were paid to-date. Can still my wife can sign this transaction deal? How this can be done?
Customer reply replied 3 months ago
How can I sell this property without reinstatement process?
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Attorney Wendy Your Own Question
Attorney Wendy
Attorney Wendy
Attorney Wendy, Lawyer
Category: Legal
Satisfied Customers: 1,198
1,198 Satisfied Customers
Experience: Member at Keefer & Keefer LLC

Attorney Wendy is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Ely

Ely

Counselor at Law

24,657 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

22,408 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

44,066 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo Senmartin

Guillermo Senmartin

Lawyer

300 satisfied customers

Principal Attorney at Guillermo J. Senmartin, P.A.

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

17,183 satisfied customers

Multiple jurisdictions, specialize in business/contract disputes, estate creation and administration.

< Previous | Next >

Related Legal Questions
I want to buy a property with a clouded title, looking for
hi Pearl I want to buy a property with a clouded title, looking for some help, in GA. … read more
Lori
Lori
Juris Doctor
1,853 satisfied customers
I am starting a business in Denver CO but have a older
I am starting a business in Denver CO but have a older Florida Corporation that has a Federal Tax ID and lines of credit I don't want to lose. The problem with the Florida corporation is I no longer l… read more
Lori
Lori
Juris Doctor
1,853 satisfied customers
I prepared a complaint under 1983 and like for you to go
I prepared a complaint under 1983 and like for you to go over it … read more
Marcy
Marcy
Attorney At Law
Doctor of Law w/ highest honors
165 satisfied customers
I want to buy stuff in the us and sale them to chinese
hi I want to buy stuff in the us and sale them to chinese customers … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
44,066 satisfied customers
Tina, is it possible to acquire Power of Attorney over some
Tina , is it possible to acquire Power of Attorney over some that has been diagnose with severe Dementia? … read more
Andrew
Andrew
Attorney
Juris Doctorate
360 satisfied customers
My father lives on the other side of the state, MO. He
My father lives on the other side of the state, MO. He helped me purchase a car years ago and the title said 'and'. I'm purchasing a new car and my father has given me oral consent to sign his name to… read more
LegalGems
LegalGems
Juris Doctorate
12,601 satisfied customers
I had a purchace agreement where a deposit was given and the
I had a purchace agreement where a deposit was given and the rest to be paid or else the interest in the company was given back to seller. the remainder was not paid in that time frame. Does the selle… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
13,358 satisfied customers
I am selling my home do I need an attorney? East Meadow NY
I have been living in the home for 40 years and made improvements; new kitchen ,bathrooms, central AC . without permits.… read more
LegalKnowledge
LegalKnowledge
Juris Doctor
30,617 satisfied customers
The question I have has to do with the question I asked last
The question I have has to do with the question I asked last month on just answer. Do I have to pay again? … read more
Maverick
Maverick
Doctoral Degree
6,146 satisfied customers
I have a rip off report and these people they said they were
I have a rip off report and these people they said they were a group of 7 ssaid that I stole youtube content from them which it is a lie I have no idea? Who these people really are. Pluse they were no… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
44,066 satisfied customers
In 2007 my mother signed her deed to me. I have lived with
in 2007 my mother signed her deed to me. I have lived with her for 16 years to keep her at home. the attorney added a living estate right telling me that should she move out or die the property would … read more
Lucy
Lucy
Juris Doctor
130 satisfied customers
I recently checked my credit and there's been a dispute on
I recently checked my credit and there's been a dispute on my credit and name and I know who did it without my permission and now I can't get a loan, and it's holding be back and I wanted to know what… read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
150 satisfied customers
I had an agent come to my home to buy my two businesses. I
I had an agent come to my home to buy my two businesses. I didn't think much of it right away but now I'm very worried that he is trying to take me to the cleaners. One of the businesses I feel is wor… read more
Lucy
Lucy
Juris Doctor
130 satisfied customers
My city has deemed the property next door as blighted and
My city has deemed the property next door as blighted and comdemed it. Their inspection was over zelous and inflamitory. There is a valid saled contract between owner and buyer by a licensed realtor. … read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
150 satisfied customers
Do I responsible previse owner paperwork ?I purchased
Do I responsible for the previse owner paperwork ?I purchased business and previse owner wants me to pay for the storage with his documents… read more
Delta-Lawyer
Delta-Lawyer
Doctoral Degree
3,510 satisfied customers
I've written an auto service repair contract to be signed
I've written an auto service repair contract to be signed upon pick up of my vehicle as per an oral agreement between parties. Just wanted someone to review it with me over the phone and/or take a loo… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
44,066 satisfied customers
We were just recently contacted by a gentleman who has made
We were just recently contacted by a gentleman who has made it his business to sue public businesses for not being wheel chair accessible on renting our private vacation home (which we rent only 5.5 m… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,935 satisfied customers
I am a middle school science teacher. I did a lesson on
hi, I am a middle school science teacher. I did a lesson on circus animal abuse, including LION and PETA videos of abuse. My students wrote angry letters to the CEO of Ringling Bros Ken Feld. Apparent… read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
150 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x