MaskCraft Posted July 22, 2014 Share Posted July 22, 2014 Just found out that my brother-in-law, a 20% ownership member of our LLC has a couple traffic violations - speeding caught on cameras in Arizona. We are just about to send in our DSP app and state liquor license application. Will these traffic violations be an issue with the feds? We are trying to decide if we need to scramble to raise enough capital to bring him down to a 9% ownership member as we don't want to find out a month from now that we have to start over!! Any advice would be very much appreciated!!!! Thank you. Link to comment Share on other sites More sharing options...
Donutboy Posted July 22, 2014 Share Posted July 22, 2014 They were not an issue for us. We had a partner not disclose his violations, the state made him come clean, he did and everything is ok. Just don't hide it and you SHOULD be fine. Link to comment Share on other sites More sharing options...
MaskCraft Posted July 22, 2014 Author Share Posted July 22, 2014 Thank you! Link to comment Share on other sites More sharing options...
Roger Posted July 22, 2014 Share Posted July 22, 2014 I think it depends on what he was "trafficking " in. Link to comment Share on other sites More sharing options...
Donutboy Posted July 22, 2014 Share Posted July 22, 2014 No problem. Your state might be more strict or could care less than ours but there isn't much you can do about that. It was not an issue federally for us. Link to comment Share on other sites More sharing options...
OldSpye Posted July 22, 2014 Share Posted July 22, 2014 New Jersey simply requires that you disclose any felony convictions and have not been convicted of any "crimes of moral turpitude" within the last five years. I've got a driving history loaded with issues related to acceleration and my OIC went through just fine. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now