General Discussion

radical noodle

(10,608 posts)

25. There must be ownership

Mon Nov 18, 2019, 07:36 PM

Nov 2019

but not employees. Many companies do this for a variety of reasons. I've worked for small corporations who formed LLCs and sold their assets to the new company, then paid rent to the LLC. That allows for the assets to be depreciated all over again and the "rent" the original company pays is just enough for the LLC to pay the original company for the assets. The LLC never had to pay a dime for any employees.

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Trump owes more than ***$50 million*** to an LLC that exists mostly on paper. [View all] mahatmakanejeeves Nov 2019 OP

Yeah, rump owning interest payments/etc. to himself, so he can write off on taxes to ... SWBTATTReg Nov 2019 #1

He declares it as income to banks loaning him money. tinrobot Nov 2019 #9

How can companies have no employees and still be companies? joost5 Nov 2019 #17

There must be ownership radical noodle Nov 2019 #25

I think DENVERPOPS Nov 2019 #27

I bet if one were to dig deep enough NewJeffCT Nov 2019 #2

Watch "American Greed, Scoundrels and Scammers" louis-t Nov 2019 #3

Multiple seasons! Mme. Defarge Nov 2019 #14

Off to the greatest page malaise Nov 2019 #4

Off to the Pulitzers again for David Fahrenthold, I'd guess. calimary Nov 2019 #18

Ditto malaise Nov 2019 #19

Ponzi ponzi ponzi. Wellstone ruled Nov 2019 #5

A good article on this scandal Mike 03 Nov 2019 #6

One of the many data points showing why he is desperate to keep his tax records hidden. crickets Nov 2019 #20

He's stupid enough to hire Guiliani, imagine the idiots he has managing his money. AtheistCrusader Nov 2019 #26

Self centered opportunist that can't say NO? Brainfodder Nov 2019 #51

If these Financial Disclosure forms that Trump is signing are required of Trump as President, politicaljunkie41910 Nov 2019 #33

Damn is there no end to odious traitor [& family] in WH criminality/corruption? Can you imagine if RestoreAmerica2020 Nov 2019 #7

+Infinity to every single word! Kind of Blue Nov 2019 #30

The only question is if we can vote in moonscape Nov 2019 #45

That little shenanigan reminds me of a thing called UpInArms Nov 2019 #8

Leo Getz would be proud lapfog_1 Nov 2019 #10

Signature loans have become the preferred method of bribery these days sandensea Nov 2019 #11

Tax fraud. paleotn Nov 2019 #12

Indeed and deserving of *PRISON* time. Duppers Nov 2019 #46

tRump* may have a secret creditor... Raster Nov 2019 #13

Right, and the creditor could well be a foreign company or person FakeNoose Nov 2019 #16

tRump* and his "real estate" businesses have been prime cash laundries for the Russians*... Raster Nov 2019 #23

Fucking grifter Botany Nov 2019 #15

Doing a little poking around gratuitous Nov 2019 #21

This is a lot more real than the quest for a non-existent birth certificate Mr. Ected Nov 2019 #22

K & R & Retweeted! SunSeeker Nov 2019 #24

WaPo on it last year... pioche4 Nov 2019 #29

Doesn't one of his mob friends have something to Glimmer of Hope Nov 2019 #28

K&R Scurrilous Nov 2019 #31

how to distill this for popular consumption? SleeplessinSoCal Nov 2019 #32

Trump and his filthy lucre Blue Owl Nov 2019 #34

Corporation in a Box... Totally Tunsie Nov 2019 #35

Seems crooked, mobbed up, illegal. Mc Mike Nov 2019 #36

Mother Jones: We uncovered information that raises questions about the very existence of this loan. mahatmakanejeeves Nov 2019 #37

And what's the lesson we've learned here today, boys and girls? pecosbob Nov 2019 #38

It's a puzzling one for sure bucolic_frolic Nov 2019 #39

Conald -- everything about him is a con, bribe or NCjack Nov 2019 #40

Farenthold was on this last year, along with Lincoln's Bible and SpicyFiles Roland99 Nov 2019 #41

LONG and detailed thread showing links to Trump Tower Chicago w/this LLC (money laundering???) Roland99 Nov 2019 #42

ADDITIONALLY - Is this linked to Concord companies (indicted by Mueller)??? Roland99 Nov 2019 #43

Wow! nt Duppers Nov 2019 #47

Thanks for digging that up. DU covered it then too. Not only that, but.... mahatmakanejeeves Nov 2019 #44

Repukes right about one thing.. Laura PourMeADrink Nov 2019 #48

Then he defaults on the loan to himself and writes off the loss on the other end for a deduction. ET Awful Nov 2019 #49

Russia? matt819 Nov 2019 #50