tag:blogger.com,1999:blog-2447438783001404385.post2031231297353299953..comments2024-03-29T08:40:55.550-05:00Comments on Jackson Jambalaya: Mugshots Ridgeland owner accuses co-owner of fraud.Kingfishhttp://www.blogger.com/profile/06184990110961727404noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-2447438783001404385.post-26536935284521684762017-09-19T11:09:43.368-05:002017-09-19T11:09:43.368-05:00Well..... let's see...considering I went to co...Well..... let's see...considering I went to college with both of the founders of Mugshots and a I am a former roommate of Ron, and have been around Mr. Mcdonald on many occasions I can personally attest to the character of both Gentlemen. Having said that, I'm not shocked nor surprised of the allegations against Mr. McDonald and having a lot of knowledge about this business from the day they open the doors I can see how this came about. Since the split of the 2 initial founders of Mugshots it seems pretty obvious to me who has the better business sense. Rons' restaurants have flourished and he has built a very successful business and a wonderful life for his family. While on the other hand Mr. McDonald's side has been nothing short of turmoil since then. So..... u guys form your own opinions about who is right or wrong in this current law suit. I feel bad for Mr. Walker.. Good luck sir.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-50911170570257220372017-08-26T02:42:19.253-05:002017-08-26T02:42:19.253-05:00For a place called Mugshots, the Ridgeland one had...For a place called Mugshots, the Ridgeland one had lame beers. No pale ale the last 2 times I went. I'm sure this is directly relevant to the post!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-17433709294196609212017-08-25T11:54:53.788-05:002017-08-25T11:54:53.788-05:00His fellow LLC members apparently did not insist o...His fellow LLC members apparently did not insist on any safeguards or keep up with what was going on each month. They would have had a right to inspect any and all LLC documents at any reasonable time. Sounds like they brought it on themselves.Jinglehorsenoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-48208901343659541192017-08-24T15:24:21.458-05:002017-08-24T15:24:21.458-05:00
I know a developer that has had multiple LLCs in ...<br />I know a developer that has had multiple LLCs in his lifetime and he has stolen from each one---got caught several times and in some cases paid the money back by giving up his interest in the project. I know one case where he stole $750,000 (got caught) and another where he lost $500,000 of his partners money---He sits every Sunday in First Prez. There is another one in the choir that stole $105,000.<br /><br />A LLC can be extremely dangerous for everyone except the managing partner. Was the thief on the right side or the left ???? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-1327418906779452962017-08-24T13:00:26.833-05:002017-08-24T13:00:26.833-05:00@9:17 - yep, and that makes you personally liable ...@9:17 - yep, and that makes you personally liable for all partnership obligations. Planning and proper documentation are critical. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-13622484796043199802017-08-24T09:17:58.192-05:002017-08-24T09:17:58.192-05:00An "LLC" formed without following state ...An "LLC" formed without following state LLC statutes would most likely fall under the General Partnership provisions of state law.Hawsmannnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-55784402172884297752017-08-24T08:39:39.671-05:002017-08-24T08:39:39.671-05:00Judge Lackey will be reversed.Judge Lackey will be reversed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-89106441959089742922017-08-24T01:10:16.736-05:002017-08-24T01:10:16.736-05:0010:32 - didn't you see Kingfish's post abo...10:32 - didn't you see Kingfish's post about the Hinds County supervisors and the emergency radio contract? Since there was no filing with the SOS, thus no legal entity was present in the suit, and Lackey dismissed the case.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-61884063848043087642017-08-24T00:41:57.952-05:002017-08-24T00:41:57.952-05:0010:32 - nope,
MS Code 79-29-201:[Effective from a...10:32 - nope,<br /><br />MS Code 79-29-201:[Effective from and after January 1, 2013, this section will read:]<br />(1) In order to form a limited liability company, a certificate of formation must be signed and delivered to the Office of the Secretary of State. The certificate must set forth:<br />(a) The name of the limited liability company;<br />(b) The information required by Section 79-35-5(a); and<br />(c) If the limited liability company is to have a specific date of dissolution, the latest date upon which the limited liability company is to dissolve.<br />(2) The certificate of formation may set forth any other matters the members determine to include therein.<br />(3) A limited liability company is formed at the date and time of the filing of the certificate of formation by the Secretary of State, as evidenced by such means as the Secretary of State may use for the purpose of recording the date and time of filing, or at any later date or time specified in the certificate of formation if, in either case, the certificate of formation so filed substantially complies with the requirements of this chapter. A delayed effective date specified in a certificate of formation may not be later than the ninetieth day after the date and time it is filed by the Secretary of State.<br />(4) For all purposes, a copy of the certificate of formation duly certified by the Secretary of State is conclusive evidence of the formation of a limited liability company and prima facie evidence of its existence.<br /><br />Delnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-71144669167126194772017-08-23T23:12:46.149-05:002017-08-23T23:12:46.149-05:00If one wants protection by using a LLC structure a...If one wants protection by using a LLC structure a comprehensive 'operating agreement' must be in place stating who has authority to bind the LLC. When I prepare LLC operating agreements, I always ask what is the money limit that one member without the signature(s) of all the members is required. When a bank or other lender makes a loan to a LLC they want to see the agreement. I don't recommend that one member can bind the LLC. You are just asking for trouble. I recently saw a situation where there was no limitation as to the amount that a member could authorize and it caused the company to fold. A business doesn't get the liability protection of a LLC or Corporation if it is not registered with the SOS and pay the $50.00 fee and have all the paperwork to back up the operation. Just calling yourself a LLC or Corp does not work like the old common law marriage before the 1950's in Mississippi. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-87045341259788224672017-08-23T22:32:34.168-05:002017-08-23T22:32:34.168-05:00If no operating agreement u go by the llc statutes...If no operating agreement u go by the llc statutes, I think. U don't have to actually register with the secretary of state either to be an llc. Lots do, but not required. Lots of folks that own rental houses do it without registering the name with the state.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-28841719446035373402017-08-23T21:13:46.424-05:002017-08-23T21:13:46.424-05:005:59, keep up. They were talking about Musiquaria...5:59, keep up. They were talking about Musiquariam - which was open a long time ago, not last year. You can't play the ponies if you don't have a program - next time, check the log before you put your bet down.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-2570933373992081872017-08-23T20:37:47.102-05:002017-08-23T20:37:47.102-05:00Just had a m/shots open in Columbus, Ms, have not ...Just had a m/shots open in Columbus, Ms, have not been there but hope they do well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-10758155467687837982017-08-23T18:18:22.366-05:002017-08-23T18:18:22.366-05:0011:20
Why don't you explain when partners at...11:20 <br /><br />Why don't you explain when partners at an LLC can sue each other?<br /><br />Can they? How? Who / what is wronged when one member steals? <br /><br />Who reps the entity? They are all members.<br /><br />You better study well past1989 or you will be sad.<br /><br />And quit being a snarky Dick.<br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-36809589250198648642017-08-23T17:59:49.318-05:002017-08-23T17:59:49.318-05:00"oh I remember that place. As I recall, it on..."oh I remember that place. As I recall, it only served beer as it did not have a liquor license. The main reason it died is...."<br /><br />Goob; The place just opened last year. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-72804107715772676582017-08-23T15:40:44.428-05:002017-08-23T15:40:44.428-05:00The original two owners of Mugshots were Chris McD...The original two owners of Mugshots were Chris McDonald and Ron Savell. I know Ron personally and remember a little bit when they split in 2007/2008ish. I think Chris wanted to take what the original Mugshots in Hattiesburg was and stamp it across the south. Ron wanted didn't necessarily care for the growth/franchising as much, and saw the better money with more of a family-friendly restaurant part of the business as opposed to a college bar. Ron just was also more conservative and safer, having just started a family around that time - and really just wanted to be local. The two split up, with Ron taking a few locations and Chris taking the others, with Chris trying to grow the business. There may have been some bad blood between the two in that split, but I can't recall. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-74119032122820375802017-08-23T15:39:48.621-05:002017-08-23T15:39:48.621-05:00More cutting edge news brought to you by KF.More cutting edge news brought to you by KF.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-80733840419860885062017-08-23T15:34:00.811-05:002017-08-23T15:34:00.811-05:00Stop the day drinking @kingfish. Gets your threads...Stop the day drinking @kingfish. Gets your threads straight and try again ;)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-2714242137803918092017-08-23T14:00:31.246-05:002017-08-23T14:00:31.246-05:00Musiquarium was fantastic, and open far longer tha...Musiquarium was fantastic, and open far longer than a year. <br /><br />The fact that it opened precisely when Napster gutted the recording industry had a greater impact on the MQ, as it was initially a record store serving beer rather than a bar selling records. <br /><br />Anyway. Sorry you lost your investment. But it was a great place. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-91839032654558124772017-08-23T12:09:05.827-05:002017-08-23T12:09:05.827-05:00Musiquarium was a great place. Probably a little a...Musiquarium was a great place. Probably a little ahead of its time now with craft beer the norm. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-51121390233307533742017-08-23T11:34:58.983-05:002017-08-23T11:34:58.983-05:00I wonder if McDonald is the reason some of the oth...I wonder if McDonald is the reason some of the other mugshots(founder)'s stores split? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-33954943915410014932017-08-23T11:29:27.182-05:002017-08-23T11:29:27.182-05:0011:14 - Did you have your CPA review the projectio...11:14 - Did you have your CPA review the projections and business plan? If not, that was your big mistake and you are the one to blame. At least you were not personally liable for the unpaid debts as you may have been in a general partnership.Jobienoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-50418664700840156312017-08-23T11:26:50.938-05:002017-08-23T11:26:50.938-05:00oh I remember that place. As I recall, it only s...oh I remember that place. As I recall, it only served beer as it did not have a liquor license. The main reason it died is that most women going to a bar want a cocktail or a glass of wine and not a pint of beer. Drug crowd didn't help either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-68478051882407161782017-08-23T11:26:36.610-05:002017-08-23T11:26:36.610-05:00uh oh....
looks like one of the plaintiffs doesn...uh oh....<br /><br /><br />looks like one of the plaintiffs doesn't exist<br /><br />Name Name Type<br />W. Walker Investments, LLC Legal<br />Business Information<br />Business Type: Limited Liability Company<br />Business ID: 993996<br />Status: Dissolved<br />Effective Date: 01/06/2012<br />State of Incorporation: MississippiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-77561860729790301652017-08-23T11:24:47.849-05:002017-08-23T11:24:47.849-05:0012(b)(1). Federal court has no jurisdiction. Thi...12(b)(1). Federal court has no jurisdiction. This [particular complaint] will go away.Anonymousnoreply@blogger.com