Business Fraud

[sylvester37]

I committed to a Nevada LLC 2006.  I nonetheless for this day have never ever obtained a routine K1.  The business filings are now in fact in standard with their state of Nevada and with no surpise the 'CEO' has disconnected his contact numbers.  I was verbally informed that the first dividend payment would be the initial quarter of 2010.  What options do I've on recovering my money?  Do I've any options heading straight after the 'CEO' personally?

[Vallen]

blnvwspllc:What alternatives do I have on recovering my capital? 
Sue.blnvwspllc:Do I have any alternatives going straight soon after the 'CEO' personally?
Possibly. Based on the circumstances you may be capable to "pierce the corporate veil" (google it).
 

[Fenyang]

I don't know when the LLC was lucrative or run in a loss.  I already know the tax difficulties with the K1.  I own two separate S-corps. There's no 'running agreement'.  Distributions were centered on a planned time-line. I added $20,000.  I'm accepting this LLC never was functional, economic studies have never been received.  I wish to prosecute the 'CEO' on both a corporate level and personal level.  But that costs money.  He desired me to lead more money after asking me to pay for some personal expenses.  At this stage I declined and never heard from him again.  That tip me off this offer was going south and mightn't have been legitimate. I've copies of the financial institution makes up about wire transfer, share records, private contract and business strategy.  

[curtiss62]

I do not mean to seem tough, however, you likely possess some little problems (at least) and big problems (at most).
blnvwspllc:I committed to a Nevada LLC 2006.  I still for this day haven't obtained a routine K1
Your tax returns for 2006 moving forward are mis-submitted if you didn't record E-1 activity.  When the business was in a loss, you've handed SOL for amended returns for the first decades together with the capability to get extra refund.  When the business was lucrative, you're about the catch for associated fees for your %.
blnvwspllc:  I had been verbally informed the first dividend payment will be the first quarter of 2010. 
Have you got a replica of the Operating Agreement?  If that's the case, what does it express with regards to distributions (not "returns"), etc.?
Just how much money did you subscribe to this LLC?  Do you understand when the company was actually lucrative or did it usually run in a loss?  Please answer these issues to ensure that people might be in a position to provide you extra information.
I hate to remain on the soapbox, however it pains me to determine just how many individuals (frequently using the greatest of motives) purchase an LLC or other business without obtaining guidance up-front.