by chrisf
Boatsmate75 wrote: ↑Fri Jul 19, 2019 10:46 am could someone explain what this means?? not sure what happenedThe business was dissolved by the state or by a court for reasons not yet public. These reasons could include insolvency, but I notice that they've not filed annual reports, something required by Massachusetts to be done annually, since 2017.
TIA
One such penalty for failing to file the annual report is below:
(4) If the corporation fails to submit its certificate for two successive years, the state secretary shall give notice thereof by mail, postage prepaid, to such corporation in default. Failure of such corporation to submit the required certificates within ninety days after the notice of default has been given shall be sufficient cause for the revocation of its charter by the state secretary.