Q: Is it legal to form a LLC(w/ mult members)in the state of Nevada for the purpose of entering casino sportsbook contests?
There would be an Nevada resident and a out of state Resident(s) as well as the LLC members. This would simply be so that any winnings would be declared by LLC and then distributed legally to the members based on ownership. This is not intended to bet sports or gamble in the traditional sense. There is a 1k entry fee to these contests and they pay out to a certain amount of the top finishers in the standings after the full season. So for an example, the William Hill college football pick’em contest is 1k to enter and 1st place is 500k. So if we were to somehow win, it would be accepted by the LLC and distributed to the members appropriately.
A: Perhaps you don't understand that you have asked a Florida law question about Nevada law; you should ask it in Justia > Ask a Lawyer > Florida.
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