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Originally posted by Timber Loftis:
After the second strike, I'd file Chapter 11, restructure the corp., and sell it wholesale to another shell corp. I formed in Delaware online inside of 1 hour. No company, new strikes. [img]tongue.gif[/img]
Sorry, we attorneys can beat this. I like the full page news ad though.
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Timber, according to this part:
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The Romero plan would provide that the first two strikes against the criminal corporation could occur in any state, not just California. But the third felony would have to be committed in California.
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The first two strikes could have happened elsewhere. That mean that any company with a "criminal past" would have to restructure to be able to safely do buiseness in that state. Is that right?
And even after having restructured, if they comited a crime in another state, they would have to publish the newspaper ads in order to keep doing buiseness in that state, and it would count as a strike, too. Right?
Restructuring every few months seem anoying to me.
[ 05-02-2003, 06:34 PM: Message edited by: Luvian ]