A judge on Tuesday ruled that Donald Trump and his company are liable for fraud by misstating the true values of multiple real estate properties for years and thus grossly overstating the former president’s net worth by billions of dollars.
Judge Arthur Engoron in his bombshell decision also canceled the New York business certificates of Trump, the Trump Organization, and the other defendants, including two of his sons, in a lawsuit by the state Attorney General’s Office.
The judge said he would appoint an independent receiver to manage the dissolution of the corporations whose business certificates he canceled.
It is not clear whether Engoron’s decision means the Trump Organization and related entities will have to completely cease doing business in New York, or whether the companies can be legally reconstituted later.
It’s not just an issue for the government. Banks will not open accounts for you if you aren’t registered with the state you do business in. If you already have accounts and they find out you are no longer registered, they close your accounts.
No, you can’t use an old registration. They check an online database with the secretary of state. It updates daily.
https://apps.dos.ny.gov/publicInquiry/#search