Q: CPA/Trust Fund/Dissolution
CPA Firm dissolves a Corporation as President,--Sets up a Trust Fund in a deceased persons Name, he is personally a shareholder in the Trust Fund--Keeps Real Estate in the Corporations name, diverts all monies into the Trust Fund--This spanned 15 years and involved monies in excess of $100,000.00--Sold the Real Estate asset in the Corporations name by using another shareholder in the Trust Fund claiming President of the Dissolved Corporation--There was never a transfer of assets after dissolution so there was no new shareholder stock certificates issue by the State of Florida--Is any of this Legal?
A: You asked this question many months ago, when what you needed to do then was actually go see an attorney for a full and frank discussion about this.
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