Q: I had to close my SCorp at the end of October, 10 months shy of the end of the lease. Can I get sued by the landlord?
My business was destroyed by COVID. I got every grant and loan possible and spent every dime in the corporation but couldn't make it to the end of the 5 year lease. The landlord doesn't care, wants 12K for rent, taxes, etc. I'm not able to pay anything because I am unemployed (2 1/2 years now), on government assistance for food and 64 years old. Not so easy to get another job. I was going to dissolve the corporation but now am wondering if I should. Will it protect me from being sued? All I have is a car that isn't paid for and a house that I still owe a ton of money on. No savings. Nothing left from the business, all bank accounts were closed in October as well. I'm in CA 91016
A: Yes. You can be used. Highly recommend you consult with a bankruptcy attorney that may be able to wipe out your liability.
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