If I dissolve my business, am I obligated to provide contractually agreed to group classes?
Question Details: I am an S-Corp and LLC dog training business. I will likely be closing my business. No brick and mortar but I do have contracts that have been signed by clients giving them 1 years worth of group classes.
If you personally signed the contracts, in your individual capacity and not on behalf of the LLC or S-corp (so that you, not the business entity[ies] are the party to the contract), then you would be obligated to provide the classes. But if the LLC or S-corp was the signatory and party to the contracts, it, not you, is obligated; so if the business entity closes down, you would have no personal liability.
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