CLOSE business down and move on?

[Ihateit]

Does closing the business, open as a new company in the same address. get a new phone number end the claim? Or is paying the claim and close the business down and start anew better. Or? Comments please?

[Oscar Michelen]

Don't close your business down for this claim. Also closing a business down with an active lawsuit or claim against it can expose the owners of the business to personal liability.  Its one thing to let a business run down to zero  but be kept active on the state records, its another to dissolve or close out a corporation with an active claim. Read through the forums get educated and you will see that there are a variety of less drastic ways to deal with this.