With uncertainties on the SEC/USA views on crypto(maybe banning), would turning a Crypto project into a LLC be good?
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Answered on February 12, 2023
The SEC's view on crypto is not uncertain and it does not have the power to ban cryptocurrency. What has been happening is that many crypto...
Can I stop my ex spouse from posting pictures of our child on an account that is advertising in appropriate content ?
Paul's answer
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Answered on February 06, 2023
This is obviously a terrible situation. If you are in NY, my approach would be to file a Petition in New York's Family Court system for a...
How do you remove yourself from an LLC that never did any business nor even has an operating agreement?
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Answered on February 06, 2023
Do you have an Operating Agreement? If so, that might cover how to relinquish your membership interest (not shares). You mentioned you are on...
Fake ID confiscated by security: What if it was handed to NYPD?
Paul's answer
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Answered on January 25, 2023
You are worried that your fake ID was taken from you at a bar 20 years ago? A criminal defense lawyer will be more knowledgeable about the statute...
Can I give a free item during a webinar/seminar?
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Answered on January 24, 2023
As they say in the newspaper business, you buried the lede when you mentioned raffle laws. Do you intend on giving the item to everyone, or will...
When does a contract end if there is an effective date but no end date?
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Answered on January 23, 2023
It depends. If there is no expiration date, it would expire when all obligations expire. For example, let's look at an agreement to sell a car. ...
Can I demand the full payment for unique items from the customer after they canceled the order?
Paul's answer
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Answered on January 22, 2023
Do you have a written contract and if so, does it state what you state in your question? If so, it would see that you have a strong case for...
Can an LLC file for 501c3 status?
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Answered on January 20, 2023
As a pass-through entity, by definition an LLC cannot be a not-for-profit. New York has a special law for Not-For-Profit corporations and it is...
Am I protected to receive online gaming winnings in a reasonable time frame after winning them?
Paul's answer
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Answered on January 19, 2023
It is hard to imagine that you are dealing with a legitimate website. First of all, online gambling is illegal in NY state. Second, since you...
In NY, can I form an LLC to begin a physical therapy practice where I am the only employee or do I need to form a PLLC?
Paul's answer
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Answered on January 18, 2023
A licensed professional needs to do business as a PLLC. "Profession," includes any practice as an attorney and counselor-at-law, or as a licensed...
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