Charisma Sues RCD, DD, DI

[WilliamW]

Both DegreeInfo.com LLC and Media Resource Communications (the cornerstone of Chip's gay boy porn empire) are listed as SUSPENDED by the California Secretary of State. "FTB Suspended" usually means the company failed to pay the annual $800 minimum tax for the dubious privilege of existing in California, but it could indicate the company failed to pay all taxes due.





What is the effect of being suspended ????

The Franchise Tax Board has the authority to suspend a corporation based upon the failure to pay the minimum tax of $800.00 a year or the failure to pay any taxes that are owed. In addition, a corporation may be suspended for the failure to file tax returns. Tax returns are required on an annual basis even if the corporation is not doing business.

The impact of a corporation being placed in suspended status is substantial. When a corporation is suspended, it has lost all rights and privileges as a corporation and cannot legally operate. In that regard, technically a suspended corporation is required to close its business and stop all business related activity. Moreover, a suspended corporation cannot sue or defend any action in court. Furthermore, a suspended corporation that provides a service, or goods, to third parties while suspended may not be able to collect payment for such services or goods since the suspended corporation technically was not permitted to engage in any business transactions.

. . . Until the corporation corrects its suspended status, the corporation is prohibited from transacting business and any contract executed by a suspended corporation is voidable at the demand of the other party.

http://www.rhlaw.com/blog/suspended-corporations/