In this situation, you will not be able to do any type of transaction or deal.
Make sure to pay your flat rate every year, up to date to avoid late fees and penalties, and of course a possible suspension.
In case you fall into the suspension scenario, you will have 2 years to reactivate it again, otherwise, the state can dissolve your license.
This would jeopardize your business or any property you have under your business name.
At CLD Legal we can help you with this or other legal issues. Contact us. We’re here to serve you.