Read the following story carefully and respond to the question below.

Jamal, Marina, and Lexi decide to team up to sell secondhand electronics in Indianapolis. They decide they will buy Amazon pallets and then go through those pallets to sell whatever they find to end consumers. They will have their own consumer-facing website.

Jamal and Marina decide to put $10,000 and $8,000 into the business so that they can get up and running with buying pallets. They ask Lexi to design and program the website, which they will end up selling products through instead of asking her for startup capital.

Lexi gets to work on the website, and Jamal and Marina get to work starting to buy pallets. For the time being, the three have been working from their own houses, but Jamal thinks it's important for them to all work in the same space. Jamal goes out and rents out some office space in a nearby building for a year with a monthly payment of $700 without even asking Marina and Lexi. In order to move in, the landlord requires a first, last, and security deposit equal to one month's rent. Jamal signs the lease and pays the landlord what he wants. He then goes to Lexi and Marina and tells them the good news. They are a bit shocked b/c they had agreed with each other to just spend money on pallets rather than unnecessary expenses.

After a year of buying and selling used electronics, the three of them end up making a profit of $10,000, which they are pretty happy with. At this point, Marina receives a letter saying that Jamal has not paid rent for the past six months. On hearing this, Marina is incredibly upset and says that she wants to leave the business and be paid out her share of the equity.

Jamal and Lexi do not want Marina to leave as they know she can be a cash infuser into the business. However, they decide it's best to raise a lot more money and bring on investors so that they can scale their business. Lexi says that she knows a lot of people that will want to invest in the business and decides to go on a roadshow pitching the business. She ends up getting 20 interested invested, who would like to give money and get stock in return.

Jamal mentions to Lexi that they should probably file some paperwork if they are going to take on investors. They decide they would like to incorporate in Delaware but keep their principal place of business in Indianapolis. Lexi says that she will handle the incorporation paperwork and that Jamal should just focus on buying and selling pallets. They decide to name the company JLM Sellers in honor of the original three founders. Before Lexi files the paperwork, she secures a loan from JP Morgan for $20,000 with an interest rate of 2% and signs it in the name JLM Sellers secured by the pallets that JLM currently owns due one year from signing. Jamal has also started to buy pallets from Amazon and other retailers, using the name JLM Sellers.

Lexi writes up the articles of incorporation with the initial share allocation to each of the investors and to Jamal and Lexi. Lexi gives Jamal and herself 26% of the shares each and the remaining shares to the investors. Lexi, however, forgets to give a copy to the county reporter and forgets to set an organization meeting to adopt the bylaws.

Eventually, after 13 months of operating, Lexi and Jamal call an organization meeting where they wanted to put in transfer restrictions so that they could keep control of the company. In that meeting, the shareholders voted to have Lexi and Jamal on the board of directors.

The day after the shareholder meeting, Jamal wants to get rid of the current pallets on the books and potentially buy new ones. Jamal ends up selling all the pallets on the books to Jamal, LLC, of which he and the Marina are the sole owners. JLM Sellers bought the pallets for $20,000, and Jamal, LLC buys them all for $1,000.

A short while after this, a customer from Louisiana who bought a used iPhone right after JLM Sellers was created finds herself in the hospital when the iPhone explodes. The customer finds out that the iPhone was defective, and JLM Sellers did not adequately inspect the phone before they sold it. The customer wants to sue JLM Sellers in Louisiana.

After this lawsuit, JLM Sellers decides to file for bankruptcy and defaults on the JP Morgan loan and all other existing liabilities.

QUESTION: Discuss all the potential liabilities that Lexi, Jamal, Marina, JLM Sellers, Jamal LLC, and any shareholders may have given the fact pattern above. Make sure to include any issues you see with 1) Marina's share of the company on her dissociation (e.g., what do Lexi and Jamal owe her if anything), 2) the JP Morgan loan, 3) the customer lawsuit, 4) Jamal, LLC buying the pallets, 5) the structure of the shareholder right of the transfer agreement, 6) the missing six months of lease payment that Jamal forgot to pay. And other issues you see that implicate partnership and corporate law.

Make sure to explain your reasoning and any counterarguments that you think could be made by any of the parties.