james said:

Sounds like they're starting a record label just to release new music by related artists (or not even related artists), and using their new found fame / Prince to promote it.

.

Nothing wrong with that. I assume they just want to be doing something, and maybe getting ready for when thay can release new Prince material.

Co-sign could be getting ready for when they are in charge and it is better then nothing and letting the equiptment and studio go to waste.

laurarichardson said:

Bodhitheblackdog said:

we have repeatedly been informed here by a lawyer that the LLC was owned solely by Prince, he was the only shareholder and that there is no such thing legally as having 'silent members' of an LLC who are unknown or whose names don't show up on any paperwork. Once again, 'silent' members means they have no part in the running of the LLC, it does not mean they are unknown . The way to legally indicate that certain people will have access to the assets of an estate or a hand in managing the estate is via a will, not an LLC. Rinse and repeat.

How does this lawyer know this since I have asked this question a dozen times if the LLC is not a part of the probate?

Yes, you can have silent members and it does not mean they are unknown. I never said anything of the sort. How are we the public going to see paperwork for this LLC? It is not a part of the probate proceedings? Silent members can be members who have a say upon death depending on how the LLC was set up. Even if he was not set up in this manner will still have no access to what is going on since it is not involved with the Probate court.

Think and Think.

I have discussed this on numerous occasions about Ps LLCs and Corporation.

Sometimes people just dont want to listen.

LLCs that anyone in the whole United States of America owns are NOT part of a Probate proceeding but they are part of the Estate.

P DID NOT have silent members/owners of his LLCs.

It is designated in court documents that P was the SOLE OWNER of his LLCs and SOLE SHAREHOLDER of his Corp.

ISaidLifeIsJustAGame said:

laurarichardson said:

How does this lawyer know this since I have asked this question a dozen times if the LLC is not a part of the probate?

Yes, you can have silent members and it does not mean they are unknown. I never said anything of the sort. How are we the public going to see paperwork for this LLC? It is not a part of the probate proceedings? Silent members can be members who have a say upon death depending on how the LLC was set up. Even if he was not set up in this manner will still have no access to what is going on since it is not involved with the Probate court.

Think and Think.

I have discussed this on numerous occasions about Ps LLCs and Corporation.

Sometimes people just dont want to listen.

LLCs that anyone in the whole United States of America owns are NOT part of a Probate proceeding but they are part of the Estate.

P DID NOT have silent members/owners of his LLCs.

It is designated in court documents that P was the SOLE OWNER of his LLCs and SOLE SHAREHOLDER of his Corp.

I said from the beginning it was not a part of the probate. Where did you see in the probate documents that he was the sole shareholder? In addtion, if he had silent members who become active after he passes would that information be in the probate documents?

How would any detailed information about the LLC or the structure be visiable within Probate court documents?

Be honest public visabilty on this LLC is limited that is the reason these LLCs are set up or at least one of the reasons.

laurarichardson said:

ISaidLifeIsJustAGame said:

I have discussed this on numerous occasions about Ps LLCs and Corporation.

Sometimes people just dont want to listen.

LLCs that anyone in the whole United States of America owns are NOT part of a Probate proceeding but they are part of the Estate.

P DID NOT have silent members/owners of his LLCs.

It is designated in court documents that P was the SOLE OWNER of his LLCs and SOLE SHAREHOLDER of his Corp.

I said from the beginning it was not a part of the probate. Where did you see in the probate documents that he was the sole shareholder? In addtion, if he had silent members who become active after he passes would that information be in the probate documents?

How would any detailed information about the LLC or the structure be visiable within Probate court documents?

Be honest public visabilty on this LLC is limited that is the reason these LLCs are set up or at least one of the reasons.

There is no such legal animal as "silent members" becoming "active" after the owner passes.

READ THE COURT DOCUMENTS.

It shows he was the SOLE OWNER of his LLCS and SOLE SHAREHOLDER of his Corporation.

ISaidLifeIsJustAGame said:

ISaidLifeIsJustAGame said:

laurarichardson said:

I said from the beginning it was not a part of the probate. Where did you see in the probate documents that he was the sole shareholder? In addtion, if he had silent members who become active after he passes would that information be in the probate documents?

How would any detailed information about the LLC or the structure be visiable within Probate court documents?

Be honest public visabilty on this LLC is limited that is the reason these LLCs are set up or at least one of the reasons.

There is no such legal animal as "silent members" becoming "active" after the owner passes.

READ THE COURT DOCUMENTS.

It shows he was the SOLE OWNER of his LLCS and SOLE SHAREHOLDER of his Corporation.

Things that a single member can do to transfer ownership of a LLC upon death. I seriously doubt we the public would know anything about ownership being transferred if the LLC is not a part of the probate court.

It is going to say it was a single member in the court docs but I doubt is is going to tell us what happened when Prince died. I do not think this info is avalible to the public.

We the public do not have access to the operating agreement. So we do not know all the details and we are never going to know the details.

http://www.nhbr.com/June-14-2013/When-you-die-what-happens-to-your-single-member-LLC/

[Edited 9/11/17 11:32am]

ISaidLifeIsJustAGame said:

laurarichardson said:

I said from the beginning it was not a part of the probate. Where did you see in the probate documents that he was the sole shareholder? In addtion, if he had silent members who become active after he passes would that information be in the probate documents?

How would any detailed information about the LLC or the structure be visiable within Probate court documents?

Be honest public visabilty on this LLC is limited that is the reason these LLCs are set up or at least one of the reasons.

There is no such legal animal as "silent members" becoming "active" after the owner passes.

READ THE COURT DOCUMENTS.

It shows he was the SOLE OWNER of his LLCS and SOLE SHAREHOLDER of his Corporation.

BUT, LR has posted his/her questions a dozen times and because the same answer keeps popping up we can only assume LR will keep asking the SAME questions until LR gets the answers LR wants. This could take a very long time. Popcorn anyone?

LR wants confirmation/assurances that P left his estate in perfect order, his music safe from predators and idiots and that he outsmarted every lawyer in his 40 year career who advised him he needed a will.

On second thought, popcorn won't do it, we'll be needing MRE's.

Bodhitheblackdog said:

ISaidLifeIsJustAGame said:

There is no such legal animal as "silent members" becoming "active" after the owner passes.

READ THE COURT DOCUMENTS.

It shows he was the SOLE OWNER of his LLCS and SOLE SHAREHOLDER of his Corporation.

BUT, LR has posted his/her questions a dozen times and because the same answer keeps popping up we can only assume LR will keep asking the SAME questions until LR gets the answers LR wants. This could take a very long time. Popcorn anyone?

LR wants confirmation/assurances that P left his estate in perfect order, his music safe from predators and idiots and that he outsmarted every lawyer in his 40 year career who advised him he needed a will.

On second thought, popcorn won't do it, we'll be needing MRE's.

No I do not I just want one question answered and that is all.

How if the LLC is not in the probate court do we the public know what the operating agreement states?

We know that Prince was the sole member so of course the court docs we see state that but LLCs can be structured to have silent members become active or a quite a few other provisions upon death.

We simply do not have access to this information unless someone can point me in the direction of the operating agreement.

Come back when you can answer these questions?

rogifan said:

ISaidLifeIsJustAGame said:

I have discussed this on numerous occasions about Ps LLCs and Corporation.

Sometimes people just dont want to listen.

LLCs that anyone in the whole United States of America owns are NOT part of a Probate proceeding but they are part of the Estate.

P DID NOT have silent members/owners of his LLCs.

It is designated in court documents that P was the SOLE OWNER of his LLCs and SOLE SHAREHOLDER of his Corp.

Seems to me a lot of this is based in wishful thinking not fact. Or this fantasy that he created this brilliant setup none of us are smart enough to understand. It reminds me of the Trump supporters who claim he’s playing 3D chess while everyone else is learning how to play checkers.

How can anything be based on fact when we do not have access to the operating agreement?

It is easy to sit back and make smart ass comments but not be able answer a simple question but you are one of the people that thought Lonnie and UMG had all the answers so you have been wrong before.

A bit too mafia.

laurarichardson said:

Bodhitheblackdog said:

BUT, LR has posted his/her questions a dozen times and because the same answer keeps popping up we can only assume LR will keep asking the SAME questions until LR gets the answers LR wants. This could take a very long time. Popcorn anyone?

LR wants confirmation/assurances that P left his estate in perfect order, his music safe from predators and idiots and that he outsmarted every lawyer in his 40 year career who advised him he needed a will.

On second thought, popcorn won't do it, we'll be needing MRE's.

No I do not I just want one question answered and that is all.

How if the LLC is not in the probate court do we the public know what the operating agreement states?

We know that Prince was the sole member so of course the court docs we see state that but LLCs can be structured to have silent members become active or a quite a few other provisions upon death.

We simply do not have access to this information unless someone can point me in the direction of the operating agreement.

Come back when you can answer these questions?

Dang it! I could have saved so much money if I graduated from the Google School of Law.

[Edited 9/11/17 15:20pm]

ISaidLifeIsJustAGame said:

laurarichardson said:

No I do not I just want one question answered and that is all.

How if the LLC is not in the probate court do we the public know what the operating agreement states?

We know that Prince was the sole member so of course the court docs we see state that but LLCs can be structured to have silent members become active or a quite a few other provisions upon death.

We simply do not have access to this information unless someone can point me in the direction of the operating agreement.

Come back when you can answer these questions?

Dang it! I could have saved so much money if I graduated from the Google School of Law.

[Edited 9/11/17 15:20pm]

You still did not answer my questions the most important one.

Do you have the abiliy to see the operating agreement?

Also realize I do not live on the moon. I actually spoke to an attorney about this stuff. I used Goggle because the information is quickly avalible. I did not get the information from Wikiepedia.

[Edited 9/12/17 4:16am]

Fucking Prince.

How hard would it have been to have written "I leave the legacy of my recorded work to. . ."

"I leave the care & keeping of Paisley Park & all within to. . ."

"I leave my homes & commercial properties to. . ."

So much of this nonsense would be solved.

LittlePurpleYoda said:

Fucking Prince.

How hard would it have been to have written "I leave the legacy of my recorded work to. . ."

"I leave the care & keeping of Paisley Park & all within to. . ."

"I leave my homes & commercial properties to. . ."

So much of this nonsense would be solved.

1) He was not planning on keeling over and dying. Thus accidental overdose.

2) Maybe he had no one he really wanted to will anything to. Remember Prince worked really hard to get the stuff he had maybe he just did not feel like making it easy for people who contributed nothing. He did give his sister a home outright and he took care of a lot of people when he was around so maybe he felt that was enough.

3) He left a business structure in place with contracts to handle the distrubution of his music. Why do some of you want to ignore that outside people have caused these lawsuits to bleed the estate dry and to go out of their way to go against contracts he already had in place.

4) Right now NPG Publishing website has a black fucking screen. Does that sound like a means to bring in money.

http://www.npgmusicpublishing.com/

[Edited 9/12/17 4:15am]

laurarichardson said:

ISaidLifeIsJustAGame said:

Dang it! I could have saved so much money if I graduated from the Google School of Law.

[Edited 9/11/17 15:20pm]

You still did not answer my questions the most important one.

Do you have the abiliy to see the operating agreement?

Also realize I do not live on the moon. I actually spoke to an attorney about this stuff. I used Goggle because the information is quickly avalible. I did not get the information from Wikiepedia.

[Edited 9/12/17 4:16am]

laurarichardson said:

LittlePurpleYoda said:

Fucking Prince.

How hard would it have been to have written "I leave the legacy of my recorded work to. . ."

"I leave the care & keeping of Paisley Park & all within to. . ."

"I leave my homes & commercial properties to. . ."

So much of this nonsense would be solved.

1) He was not planning on keeling over and dying. Thus accidental overdose.

2) Maybe he had no one he really wanted to will anything to. Remember Prince worked really hard to get the stuff he had maybe he just did not feel like making it easy for people who contributed nothing. He did give his sister a home outright and he took care of a lot of people when he was around so maybe he felt that was enough.

3) He left a business structure in place with contracts to handle the distrubution of his music. Why do some of you want to ignore that outside people have caused these lawsuits to bleed the estate dry and to go out of their way to go against contracts he already had in place.

4) Right now NPG Publishing website has a black fucking screen. Does that sound like a means to bring in money.

http://www.npgmusicpublishing.com/

[Edited 9/12/17 4:15am]

#2 above: what about all the charities he supposedly supported? Don't you think they could have used a helping hand at least as much as his sibs?

LittlePurpleYoda said:

Fucking Prince.

How hard would it have been to have written "I leave the legacy of my recorded work to. . ."

"I leave the care & keeping of Paisley Park & all within to. . ."

"I leave my homes & commercial properties to. . ."

So much of this nonsense would be solved.

Bodhitheblackdog said:

laurarichardson said:

1) He was not planning on keeling over and dying. Thus accidental overdose.

2) Maybe he had no one he really wanted to will anything to. Remember Prince worked really hard to get the stuff he had maybe he just did not feel like making it easy for people who contributed nothing. He did give his sister a home outright and he took care of a lot of people when he was around so maybe he felt that was enough.

3) He left a business structure in place with contracts to handle the distrubution of his music. Why do some of you want to ignore that outside people have caused these lawsuits to bleed the estate dry and to go out of their way to go against contracts he already had in place.

4) Right now NPG Publishing website has a black fucking screen. Does that sound like a means to bring in money.

http://www.npgmusicpublishing.com/

[Edited 9/12/17 4:15am]

#2 above: what about all the charities he supposedly supported? Don't you think they could have used a helping hand at least as much as his sibs?

He gave millions when he was alive and well. He was around to oversee and decide what charities would get the funds.

Maybe he did not trust anyone to do it when he was gone. Remember Ray Charles and James Brown set up trust to go to charities and not one penny has gone to any of the charities because the children have tied everything up in court.

What makes any of one think this would not have happened if he had set up a charitable trust?

He had to have saw what was going on with JB and Ray's estates.

Like many of us have said many times he could have put money in a trust for charities along with publishing to generate income. We would have not idea but even if he did nothing his family has that option once they inheirit.

The PRN Alumni foundation is raising money for his charities and the family has not said they are against doing things for charity.

Let us wait and see how things pan out before we decide that none of Prince's estate will ever go to charitable causes.

laurarichardson said:

Bodhitheblackdog said:

#2 above: what about all the charities he supposedly supported? Don't you think they could have used a helping hand at least as much as his sibs?

He gave millions when he was alive and well. He was around to oversee and decide what charities would get the funds.

Maybe he did not trust anyone to do it when he was gone. Remember Ray Charles and James Brown set up trust to go to charities and not one penny has gone to any of the charities because the children have tied everything up in court.

What makes any of one think this would not have happened if he had set up a charitable trust?

He had to have saw what was going on with JB and Ray's estates.

Like many of us have said many times he could have put money in a trust for charities along with publishing to generate income. We would have not idea but even if he did nothing his family has that option once they inheirit.

The PRN Alumni foundation is raising money for his charities and the family has not said they are against doing things for charity.

Let us wait and see how things pan out before we decide that none of Prince's estate will ever go to charitable causes.

this is wrong...his music was placed into that LLC you keep calling his estate plan, which will eventually be inherited by his sibs to be used and abused as per their wishes...and need/desire for cash.

NO INCOME FROM ANY PRINCE MUSIC HAS EVER BEEN EARMARKED FOR CHARITY except a song he gave Mayte to contribute to an animal rights cause.

I agree that such a plan would have been nice...but he never made it happen, and no fantasizing about what this great world-famous philanthropist MEANT to do will make it happen now. He had his chance to direct how his assets should be dispersed after his death when he was alive and he chose not to. Live with it.

AnnaSantana said:

Whatever.

First reply stole my reply.

laurarichardson said:

You still did not answer my questions the most important one.

Do you have the abiliy to see the operating agreement?

Also realize I do not live on the moon. I actually spoke to an attorney about this stuff. I used Goggle because the information is quickly avalible. I did not get the information from Wikiepedia.

[Edited 9/12/17 4:16am]

You actually talked to an attorney about this stuff with Prince??

PennyPurple said:

laurarichardson said:

You still did not answer my questions the most important one.

Do you have the abiliy to see the operating agreement?

Also realize I do not live on the moon. I actually spoke to an attorney about this stuff. I used Goggle because the information is quickly avalible. I did not get the information from Wikiepedia.

[Edited 9/12/17 4:16am]

You actually talked to an attorney about this stuff with Prince??

This is a person I know and I did not mention that it was in reference to Prince. It was questions about LLC how they can be structured and how people use them to keep assets out of probate.

It was also for some of my own personal knowledge as we all need to think about side income these days.

Bodhitheblackdog said:

laurarichardson said:

He gave millions when he was alive and well. He was around to oversee and decide what charities would get the funds.

Maybe he did not trust anyone to do it when he was gone. Remember Ray Charles and James Brown set up trust to go to charities and not one penny has gone to any of the charities because the children have tied everything up in court.

What makes any of one think this would not have happened if he had set up a charitable trust?

He had to have saw what was going on with JB and Ray's estates.

Like many of us have said many times he could have put money in a trust for charities along with publishing to generate income. We would have not idea but even if he did nothing his family has that option once they inheirit.

The PRN Alumni foundation is raising money for his charities and the family has not said they are against doing things for charity.

Let us wait and see how things pan out before we decide that none of Prince's estate will ever go to charitable causes.

this is wrong...his music was placed into that LLC you keep calling his estate plan, which will eventually be inherited by his sibs to be used and abused as per their wishes...and need/desire for cash.

NO INCOME FROM ANY PRINCE MUSIC HAS EVER BEEN EARMARKED FOR CHARITY except a song he gave Mayte to contribute to an animal rights cause.

I agree that such a plan would have been nice...but he never made it happen, and no fantasizing about what this great world-famous philanthropist MEANT to do will make it happen now. He had his chance to direct how his assets should be dispersed after his death when he was alive and he chose not to. Live with it.

I think it was a close of an estate plan that he was going to have. In the end this is what he had.

Once again what is the difference of having a business be inheired by your sibs in this manner then if he had a will? The difference is the sibs are not able to do or say anything right know at this point they have no control the court has control. It gives them some time to get it together and figure out what to do.

If you read some of the stuff they were carrying on about when John Nelson died that should give you some idea that things may have been much worst if they had inheirited everything immedialty.

Right now half of them do not see eye to eye with the other half. John's children against Mattie's children. Probaly some long simmering issues bubbling under the surface.

You have no idea what income Prince had marked for charity. Our eyes as the public would have no visablity of what he donated to via his music.

We are finding out after he died just how much he was involved with Philantrohy that very few people knew about when he was alive.

You or I will never know if he placed money in a trust years ago or everything that he was involved in. I actually have no problem with he decided to do with his money and you have been told time and time again if Prince hated his siblings he could have fixed it so they would get nothing.

Instead they will get everything for the rest of their lives as well as their children's lives.

I am pretty sure he was good with it and you need to be good with it as well.

laurarichardson said:

Bodhitheblackdog said:

this is wrong...his music was placed into that LLC you keep calling his estate plan, which will eventually be inherited by his sibs to be used and abused as per their wishes...and need/desire for cash.

NO INCOME FROM ANY PRINCE MUSIC HAS EVER BEEN EARMARKED FOR CHARITY except a song he gave Mayte to contribute to an animal rights cause.

I agree that such a plan would have been nice...but he never made it happen, and no fantasizing about what this great world-famous philanthropist MEANT to do will make it happen now. He had his chance to direct how his assets should be dispersed after his death when he was alive and he chose not to. Live with it.

I think it was a close of an estate plan that he was going to have. In the end this is what he had.

Once again what is the difference of having a business be inheired by your sibs in this manner then if he had a will? The difference is the sibs are not able to do or say anything right know at this point they have no control the court has control. It gives them some time to get it together and figure out what to do.

If you read some of the stuff they were carrying on about when John Nelson died that should give you some idea that things may have been much worst if they had inheirited everything immedialty.

Right now half of them do not see eye to eye with the other half. John's children against Mattie's children. Probaly some long simmering issues bubbling under the surface.

You have no idea what income Prince had marked for charity. Our eyes as the public would have no visablity of what he donated to via his music.

We are finding out after he died just how much he was involved with Philantrohy that very few people knew about when he was alive.

You or I will never know if he placed money in a trust years ago or everything that he was involved in. I actually have no problem with he decided to do with his money and you have been told time and time again if Prince hated his siblings he could have fixed it so they would get nothing.

Instead they will get everything for the rest of their lives as well as their children's lives.

I am pretty sure he was good with it and you need to be good with it as well.

If you are right, that Prince would have been 'good' with his sibs controlling the future of his music (which will outlast them all) then that contradicts EVERYTHING that Prince ever said about how he felt about his music and makes a mockery of the fabled importance or artistic value of the vault material.

It also makes Prince's other pronouncements about his art ring hollow and makes his career success look like an accident that he took lightly, did not work hard for and didn't have pride in. I don't buy it.

Bodhitheblackdog said:

laurarichardson said:

I think it was a close of an estate plan that he was going to have. In the end this is what he had.

Once again what is the difference of having a business be inheired by your sibs in this manner then if he had a will? The difference is the sibs are not able to do or say anything right know at this point they have no control the court has control. It gives them some time to get it together and figure out what to do.

If you read some of the stuff they were carrying on about when John Nelson died that should give you some idea that things may have been much worst if they had inheirited everything immedialty.

Right now half of them do not see eye to eye with the other half. John's children against Mattie's children. Probaly some long simmering issues bubbling under the surface.

You have no idea what income Prince had marked for charity. Our eyes as the public would have no visablity of what he donated to via his music.

We are finding out after he died just how much he was involved with Philantrohy that very few people knew about when he was alive.

You or I will never know if he placed money in a trust years ago or everything that he was involved in. I actually have no problem with he decided to do with his money and you have been told time and time again if Prince hated his siblings he could have fixed it so they would get nothing.

Instead they will get everything for the rest of their lives as well as their children's lives.

I am pretty sure he was good with it and you need to be good with it as well.

If you are right, that Prince would have been 'good' with his sibs controlling the future of his music (which will outlast them all) then that contradicts EVERYTHING that Prince ever said about how he felt about his music and makes a mockery of the fabled importance or artistic value of the vault material.

It also makes Prince's other pronouncements about his art ring hollow and makes his career success look like an accident that he took lightly, did not work hard for and didn't have pride in. I don't buy it.

I am sorry you have lost me. How would his family members inheirting be against the things he stood for?

Morris Hayes said he heard five songs that were better than Purple Rain and Prince told him he was holding them for his kids how it would be there inheirtence. Well Prince knew as he got older he did not have any children and he was the executor of his dad's estate so he knew he sibs would inherit so why do you think he would be so upset with them getting money from his music?

He certainly knew they were going to get it if he did not make a will or trust to say otherwise. Remember both ex-wives claim he had wills when he was married to them so he certainly knew what will were and how they worked.

Bodhitheblackdog said:

laurarichardson said:

1) He was not planning on keeling over and dying. Thus accidental overdose.

2) Maybe he had no one he really wanted to will anything to. Remember Prince worked really hard to get the stuff he had maybe he just did not feel like making it easy for people who contributed nothing. He did give his sister a home outright and he took care of a lot of people when he was around so maybe he felt that was enough.

3) He left a business structure in place with contracts to handle the distrubution of his music. Why do some of you want to ignore that outside people have caused these lawsuits to bleed the estate dry and to go out of their way to go against contracts he already had in place.

4) Right now NPG Publishing website has a black fucking screen. Does that sound like a means to bring in money.

http://www.npgmusicpublishing.com/

[Edited 9/12/17 4:15am]

#2 above: what about all the charities he supposedly supported? Don't you think they could have used a helping hand at least as much as his sibs?

Totally agree.

MMJas said:

Bodhitheblackdog said:

#2 above: what about all the charities he supposedly supported? Don't you think they could have used a helping hand at least as much as his sibs?

Totally agree.

is it possible he thought he would be ripped off after his death? so THIS way it would be less easy?

LittlePurpleYoda said:

rogifan said:

Wlcm2thdwn3 said:

I couldn't care less about those leeches. What would they be doing today if Prince had not died?

How are they leeches? If he didn’t want them getting his estate he could have had a will designating it to someone else.

For Real!

camilleisfunky said: