This question is far to general for a forum like this. You should meet with your attorney and your CPA to discuss why you are creating a new company, and also whether it should be a subsidiary of your current LLC. Also depends on the tax status of your current LLC
There is a law in Nevada that allows this type of business model, however I am located in PA and was wondering if there was a way to make this work from here. I would receive money from investors, and place bets strictly off of my algorithm with no input whatsoever from the investors. I would... Read more »
You need to contact a business attorney as you will need paperwork to cover you in regard to claims from the investors. Anyone can give anyone else money to gamble with--that's not a violation. However you need to have disclaimers and it's not something you'd want to do off the...Read more »
Go to a local criminal defense attorney for a full discussion of the issues and the specific legal advice that you need.
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