M
mitchm
Guest
I have been running a small business in California that was owned by a much larger parent company.
Just under a year ago the parent company, strapped with debt and loss, stopped doing business. For whatever reason (I have no idea) they did not go into bankruptcy. I do know that they owed a lot of people a lot of money though.
So here I am still running this other business.
My questions are:
1) Is there any way that I can legally obtain ownership of the company that I am running? The former owners of the parent company don't really care if I take it over but are unresponsive when I attempt discussions about it. They have simply walked away from their business and have nothing to do with it any longer.
2) If I can take over ownership (and even if I can't but continue to run this business), is there any way that I (or my company) could be held responsible for debts of the parent company?
thanks.
Just under a year ago the parent company, strapped with debt and loss, stopped doing business. For whatever reason (I have no idea) they did not go into bankruptcy. I do know that they owed a lot of people a lot of money though.
So here I am still running this other business.
My questions are:
1) Is there any way that I can legally obtain ownership of the company that I am running? The former owners of the parent company don't really care if I take it over but are unresponsive when I attempt discussions about it. They have simply walked away from their business and have nothing to do with it any longer.
2) If I can take over ownership (and even if I can't but continue to run this business), is there any way that I (or my company) could be held responsible for debts of the parent company?
thanks.