Inactive companies can be sued
Contributed - Jul 18, 2023 - Columnists

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The business law team at FH&P Lawyers has been assisting clients for more than 100 years in the Okanagan and is rooted in community. The team provides legal services to people just starting out or who have been around for decades, regardless if they are an individual with a small business or a large multi-jurisdictional corporation.

This FH&P Lawyers podcast entitled “Law Talk” educates listeners on business matters including whether or not to incorporate, estate planning with a business and all other legal issues businesses face. You are welcome to ask our lawyers a question, and they will answer it during an upcoming podcast. Email [email protected] with your questions.


What should you do if your inactive company gets sued?

That is the topic FH&P Lawyers Clay Williams and Tanvir Gill discuss during this week’s Law Talk podcast.

The initial reaction for most entrepreneurs would be to ignore the lawsuit and just let a default judgment happen, but that is not necessarily the best move. Williams and Gill explain why.

They also remind listeners about the benefits of picking a voluntary dissolution date for their expiring business, which could also help in the case of a late lawsuit.

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