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Old 07-26-2019, 03:53 PM
Crane is offline
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Join Date: Jan 2011
Location: New Mexico
Posts: 1,102
WS,


By bankrupting the company, you avoid any subsequent consequences. It is routinely done in construction, mining and oil drilling.

The incorporators take out the money then terminate the corporation and with it, responsibility. Any spill over costs are paid by the tax payers.