Happens all the time. Another company I was in had to re-release a press release because the shareholders were so confused about the details of a buyout.
Failing to see if some one is incorporated is harmless, when you make an intent to acquire like cashco did. The only affect could be that merced, or telanis ends up paying personal income tax or, Cashco has a back door to get out of the deal. Nothing else can happen. Without the articles of incorporation, common law comes into play, and if it is a one man show, then it is by default a sole prop, and if it is more than one person, it is a partnership. If failing to incorporate in time, causes tax liabilities on one of the partners, the partners, theoretically could sue each other.
Bottom line, nothing to do with cashco , or it's bottom line.
Not knowing that someone has filed yet isn't a crime, nor is it an indication of anything going wrong.
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