i have a business that was started as a sole proprietership. i recently incorporated my business. does the law see the incorporated business as being new and seperate from the sole proprietership. also if i was to get sued under my old business name would the new business be getting sued also since it is now isp air inc. . or does the person suing have to list the incorporated business also.
2007-03-16 10:06:02 · 2 answers · asked by Anonymous in Business & Finance ➔ Corporations
It would depend on when the offense occured for which they are suing and if it was before or after incorporation.
You did file your articles with the state secretary?
2007-03-16 11:52:12 · answer #1 · answered by Z28_Zeppelin 2 · 0⤊ 0⤋
Basically, when you incorporated you formed an entity (the corporation) which you control, however the corporation function as a person meaning it can occur debt and own things like a business and property. The business shouldn't be viewed as a new business but an existing business with a new owner (the corporation) unless you have changed business names. Make sure your business license show the corporation as the owner, so if your business is sued the corporation take the hit and not you. Far as being sued it depends on when the incident in question occurred before or after you incorporated.
2007-03-16 15:34:49 · answer #2 · answered by Chris P 3 · 0⤊ 0⤋