Legal Question in Business Law in Illinois
I just took over as manager for a local bar. As of oct 31, the state liquor license was up, and it seems the corporation was involuntarily disolved a year ago due to no annual reports being filed for both 09 and 10. My question is, if this location isnt owned but leased without an agreement, could someone get an agreement with the building owner, file for incorporation, and assume a liquor license for this location, behind the current owners back? Or in other words take over the location since nothing is accually owned, and also who owns the liquor in the establishment if it was purchased under the name of the disolved corporation?
1 Answer from Attorneys
One can not assume a liquor license. If the rent is being paid by someone or something, then it may be irrelevant that the corp has been dissolved. One can not incorporate under the dissolved corp's name. And if it is use, it may be improper as you have a duty to your current employer.
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