A partner and I had a marketing firm many, many years ago. He and I with some contractors as needed. Very small. We set it up as a C Corp I believe (checking with him to be sure).
We featured work that we did for various clients on our firm's website as our portfolio. Innocently on one client's portfolio page on our site, we used an image used in a print ad (formally licensed and paid for from the image provider) as a header on that page along with the print ad to accentuate the work. On another client's portfolio page we had a brochure with an image from the same provider and did the same treatment on the page. This is a little messier though because turns out our client never licensed the image as we were told.
In battling the image company (they are huge) they want us to pay $750 for each image. On the one page, they say because we're using the image to promote ourselves, we are using the image differently than the original license that was secured for the print ad. So we have to pay. (Ridiculous.) For the second image, we've got the double whammy of client not licensing it in the first place plus us using it "to promote ourselves".
We haven't done anything with our firm in many years. Nobody goes to the website except this image company looking to sue people. I'm getting legal notices from the image company to my home which we used as our company address. (Big mistake!) I responded by email from our firm email trying to get this resolved to no luck.
So the solution my partner and I believe we should do is just dissolve the company to avoid having to pay. Close the checking account that has barely been used for years, shut down the website (which we already did), etc. Honestly we should've done this long ago.
Long winded setup but...are there pitfalls with this? I don't want anything on my personal credit or record. Do we need to have a legal letter sent back to the company? Suggestions??
Sorry for staying anonymous but this image company seems to have eyes everywhere and I'd rather not make things worse.
Greatly appreciate the help of the community,