Originally Posted by
vcdgrips
7. It is a really poor look if an entity has not been in “good standing” for years on end. It absolutely gives the impression that if they could not even bother to file fairly mundane paperwork with the state what other balls, PARTICULARLY FINANCIAL, have they dropped. Therefore, in the civil context, this can open a literal Pandora’s box of discovery.
When corporate entities and their officers/officials therein, play fast and loose with money, at some point, it can stop being a civil matter and morph into something criminal
When the dollars involved hit 6 figures, involve entities that are not for profit, involve activities that cross state lines, the matters can often turn “federal.”