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Can I raise capital in a company via private placement (PPM)

Can I raise capital in a company via private placement (PPM) if I am an actual officer or director of the company? If my duties involve marketing, financial projections, and other responsibilities outside of capital raising (common activities for a C-level executive), am I exempt? I would not be receiving commissions on the capital I raise. Instead, I would receive equity in the company which vests over a one year. I would also receive equity in a different company (the majority shareholder's company) based on milestones I reach.

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Richard - Bizlaw

Juris Doctor

11,676 satisfied customers
The answer you gave 4 years ago to the question of whether a

the answer you gave 4 years ago to the question of whether a new York state buy here pay here lot can legally charge interest was "not without a lending license" and you provided a link that led to this statement:"Licensed LenderNo person or entity shall engage in the business of making loans in the principal amount of $25,000 or less to an individual for personal, family, household, or for investment purposes and in a principal amount of $50,000 or less for business and commercial loans, and charge, contract for, or receive a greater rate of interest than the lender would be permitted by law (currently 16%) to charge if not a licensee without a license from the Superintendent.For licensing requirements see Article 9 of the Banking Law, sections 340 to 361, Superintendent's Regulations Parts 401, 407 and 300 and Penal Law Section 190.42."Doesn't this state that a dealership "can" charge interest, but if it's more than 16%, it must be a licensed lender?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

118,012 satisfied customers
I am joining an existing LLC in May. For tax purposes, am I

I am joining an existing LLC in May. For tax purposes, am I liable for any income or investment in the LLC that occurred before I signed on to the agreement?JA: Can you tell me what state the LLC is registered in?Customer: CAJA: Has anything been officially filed? If so, what?Customer: original paperwork was signed August 2016 with two people's name on it New paperwork (with my name) not been filed yetJA: Anything else you want the lawyer to know before I connect you?Customer: I'm not sure if they filed taxes last year, am I liable for penalties on that?

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Maverick

Doctoral Degree

8,410 satisfied customers
I am looking on starting a blog. The topic will be

I am looking on starting a blog. The topic will be budgeting. Is there any liability issue I need to be concerned about in running a blog. If so, what can I do to minimize that.

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RayAnswers

Lawyer

Doctoral Degree

43,978 satisfied customers
Can you provide me and our LLC with an example of simple

Can you provide me and our LLC with an example of simple letter providing issuance to a non-voting investor member who will put in 30,000 (4% temporary equity) and collect 10% (3000) guaranteed payment from distributions of profit for one year and then opt-out for 22,000 at the end of one year. We do not want it looked like a loan so we can have enough for a commercial mortgage.Thanks

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Richard - Bizlaw

Juris Doctor

11,676 satisfied customers
What is buisness visa and what needs to be done to get PR by

what is buisness visa and what needs to be done to get PR by creating jobs or investing in certified buisnesses in USA?

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Richard - Bizlaw

Juris Doctor

11,676 satisfied customers
I would like to find out what is the best state to form an

Hi, I would like to find out what is the best state to form an LLC for my real estate investing business.what states have the best benefits?I see that other states have a cheaper annual fee. That is what making it attractive me, like Delaware, Florida, Montana, Nevada, Wyoming LLC or Corporation.The question is if, I form in Wyoming, for example, do I also have to bay the $800 for Californa LLC?Thank you,Ali

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Richard - Bizlaw

Juris Doctor

11,676 satisfied customers
Can I dissolve my NC LLC if I own 81% and my co member owns

Can I dissolve my NC LLC if I own 81% and my co member owns 19% without getting his agreement to dissolve?JA: Can you tell me what state the LLC is registered in?Customer: North CarolinaJA: Has anything been officially filed? If so, what?Customer: Just the articles of organizationJA: Anything else you want the lawyer to know before I connect you?Customer: I guess not

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Richard - Bizlaw

Juris Doctor

11,676 satisfied customers
When setting up an LLC for a new business that will involve

When setting up an LLC for a new business that will involve three business partners , how should it be set up so the business is protected if one partner is unable to met their financial obligations or goes bankrupt or gets a divorce and the spouse goes after the business? I guess my question is how do you legally protect a business that has three partners investing in itJA: Can you tell me what state the LLC is registered in?Customer: Yes ArizonaJA: Has anything been filed or reported?Customer: What do you meanJA: What confuses you?Customer: Maybe the question is " what concerns me"?JA: Anything else you want the lawyer to know before I connect you?Customer: Yes I think a generic LLC has been set up by one of the partners, and filed. What concerns me is one partner is heavily in debt with student loans and maxed credit cards and also is in a very unstable marriage and this same partner is the one who will be managing the business alone!

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Loren

Juris Doctor

44,934 satisfied customers
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