This just in –– on New Year’s Eve, Aaron Greenspan’s “company” he started during middle school lunch break, Think Computer Corporation, surrendered the right to do business in California.
Here’s what the California Secretary of State has to say about surrendering your right to do business in the state:
A qualified foreign corporation surrenders its right to transact intrastate business in the State of California by filing with the California Secretary of State a certificate pursuant to California Corporations Code section 2112. A Certificate of Surrender of Right to Transact Intrastate Business form (Certificate of Surrender) designed for compliance with these requirements is enclosed.
Upon the filing of the Certificate of Surrender by the Secretary of State, the foreign corporation will be completely surrendered and the corporate rights, powers and privileges of the corporation will cease in California.
It is recommended that legal counsel be consulted prior to submitting the Certificate of Surrender to ensure that all issues are appropriately addressed.California Secretary of State
Why would Aaron Greenspan surrender all corporate rights, powers, and privileges, including the ability to conduct intrastate business in California?
One possibility is that he’s so poor from all his money-losing short-selling bets that he simply can’t afford to pay the minimum tax for both Think Computer Corporation and Think Computer Foundation. Another possibility is that he’s leaving California and moving back into his Mom’s basement in Ohio, which would be a relief to all his victims. Finally, it’s possible he’s attempting to evade service for the imminent lawsuit against Think Computer Corporation, Think Computer Foundation, and their executives. However, California rules still allow for service of process for any crimes that occurred while the company was registered in the state.
Greenspan’s decision to surrender his corporate rights is questionable, especially as he recently lobbed false accusations that we had improperly failed to register with California’s Secretary of State. If you have any ideas as to what he might be thinking here, let us know. We’ve asked California’s Secretary of State to provide us with all available documents regarding Aaron Greenspan’s businesses and the decision to surrender his corporate rights.
Prior to surrendering its rights, Think Computer Corporation was registered in California as a foreign corporation based out of Ohio:
However, records from Ohio indicate that Think Computer Corporation has a status of “Dead”, with no new filings since 2010. This would seem to suggest that Think Computer Corporation has been operating illegally in California for the last ten years, whereas Think Computer Foundation had been operating and soliciting donations illegally in California for at least 14 years.
UPDATE: Here is the certificate of surrender: