Answered on Sep 13th, 2017 at 11:43 AM
Why are you concerned about liability for this corporation? What's really going on?
You will still be liable for any obligations you guaranteed? You will still be liable for any debts you signed without mentioning the company. You will still be liable for any wrongful acts you committed yourself.
Did you adequately capitalize the company when it was started? Have you held regular board meetings and shareholder meetings? Have you written minutes of all those meetings? Have you kept personal expenses and payments completely and entirely separate from company expenses and payments? Have you taken money from the company in excess of its earnings and profits? If you have done any of these things, a creditor might be able to impose personal liability on you.
You need to review what's going on with an attorney.
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