This is kind of a misnomer, they're still able to conduct "business", the issue is that they're no longer doing it in the name of the corporation (which was incorporated in Nevada which is why the corporation needs the license) but in their own name as proprietors and are fully liable as individuals for any problems.
This is kind of a misnomer, they're still able to conduct "business", the issue is that they're no longer doing it in the name of the corporation (which was incorporated in Nevada which is why the corporation needs the license) but in their own name as proprietors and are fully liable as individuals for any problems.