State of North Carolina shutters Richard Hudson’s business
The office of North Carolina Secretary of State Elaine Marshall has performed an “administrative dissolution” of Cabarrus Marketing Group, LLC — a business founded by rookie congressman Richard Hudson one day before he moved back to North Carolina to run for Congress.
This action, which took place on May 23 of this year, was due to the corporation’s failure to follow state regulations and file annual reports. Cabarrus Marketing was established on 10/12/11. Marshall’s office issued a warning to the corporation on 12/12/12 that it needed to file an annual report, in accordance with state regulations, to avoid an administrative dissolution.
Apparently, the annual report never made it to Marshall’s office — and Hudson’s company was “administratively dissolved.”
During the 2012 congressional primary, Hudson’s opponents alleged that the corporation was merely a sham to distract from his lengthy career as a paid political hack to various GOP politicians. (Hudson had significantly less private sector experience than the Democrat incumbent he was trying to unseat.) National Democrats also picked up on this theme. Hudson’s campaign played up the candidate’s affiliation with Cabarrus Marketing on web sites and other campaign material.
There is nothing unusual about Richard Hudson’s failure to pay the annual franchise tax to the state, as well as nothing unusual about Elaine Marshall’s department revoking it’s charter for failure to pay the tax. Happens ALL. THE. TIME.
What I meant to say is that Elaine Marshall did not “Shutter” Hudson’s business. She simply revoked the charter “administratively” for failure to pay the tax. The corporation cannot legally act until the tax is paid, but nobody is shutting down the business and locking any doors. The corp. can’t transfer real estate until it is “in good standing” by paying the tax and filing the return.
BigAl – What makes you think Hudson’s sham corporation has any real estate to transfer or doors to shutter? This was a corporate shell, a fake, to falsify ”private sector” experience for Hudson.
Sadly, Eric Cantor dumped big bucks into the primary in this race to buy a rubber stamp for our squirrelly GOP ”leadership”. His primary opponent was the real deal and would have been a dependable conservative. When Boehner and Cantor say ”jump”, Hudson asks ”how high?”