Is a member of an LLC entitled to his percentage of ownership of ALL of LLC's equity and liabilities or just what he put in?

Frankly, if the cash they put in was in the form of an investment and not a loan, and the Operating Agreement is silent on it, you would be...

4. Are newly-formed LLCs in the states of NY and CT tax exempt for the first 3 years?

Several points. 1. You do not "incorporate" an LLC, you form an LLC. 2. Why do you want to form in NY and not CT where you live? Costs of...

How to answer question on LegalZoom " Are you using your trademark to sell products or services?" for free software?

You are asking a question on Avvo about how to answer a question on its competitor LegalZoom? That being said, that question is poorly worded. ...

How, if so, is this business legal/illegal?

This would probably be illegal. It is illegal to mail lottery tickets and i suspect there is a statute that covers what you want to do. Also, if...

If he continues to avoid us, what can I do criminally and civilly? What is my liability? How should I handle this? Please help!

Here is a rule of thumb. Investors do not make investments via PayPal. This was some sort of a scam and you have been used as an instrumentality...

Have i been wrongly accused of cyberstalking in LA?

You probably were. Were the charges dropped?

What are my legal options?

Do you have a specific question? If you hired someone to do web development for you, you needed more than just a Non-Disclosure Agreement to...

Is it correct to calculate the "Par Value" value by dividing the money I invested on the total number of shares?

No, that is unrelated to par value. Par value is set in the Certificate of Incorporation and then essentially forgotten except in an accounting...

How many shares should I authorize and issue to keep the taxes to a minimum as we are cash poor for now?

This is a very thoughtful question. Assuming that you are NY corporation, this is what you should do. At the time of formation, NY has a one-time...

Selected as the best answer

What are the legal procedures? Can I start such a website?

Its a great idea but the sales of beer, wine and liquor are highly regulated in the US, and the regulations are different in every state. You may...