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Personal Liability of Owner of Administratively Dissolved Corporation

Question: Can the owner of a corporation be sued if the corporation is administratively dissolved and owner continues doing business?

Answer: Yes. If you charter a corporation with the Secretary of State of Illinois and continue business in its name after its corporate status lapses for nonpayment of franchise taxes, anyone conducting the business incurs personal liability. Reinstatement of the corporation does not erase the personal liability for the period before reinstatement.