Litmus
Verified User
yeah.
you're not.
your openly support racial discrimination in all public and private policies.
FEMA is doing nothing....
- Thread starter Damocles
- Start date
you're not.
your openly support racial discrimination in all public and private policies.
Litmus
Verified User
does issue smartphones. that's what it says.
Litmus
Verified User
no there isn't.
Litmus
Verified User
It issues smartphones that cannot be used as phones, or for other internet issues.
A company being bought out is a capital gain, while a company being invested in is not a capital gain.
Litmus
Verified User
that's about taxes.
it;s not significant in the ways things are structured.
You know how Mr. wonderful loves to get a royalty on each widget as part of his investment deal?
according to you that impossible.
FEMA runs a special flood insurance agency only in Florida?
Angel investors by definition do not buy out a company. They leave part of the ownership with the founder. So completely differently structured.
As for receiving a royalty, you have to pay taxes on royalties. And it does not make much sense receiving a royalty on a company you are 100% owner of. No one is going to sell you a company, and then pay you a royalty on the company they no longer own.
Litmus
Verified User
it has happened on the show.
and it not completely different.
this is just your distinction with no difference.
For a business to take in money and put out money, it must be some form of legal entity. Basically, it can be a corporation, or a natural person(not a corporation). We are not allowed to buy and sell people(that is slavery), so to sell a business it must be a corporation of some form.
Even an illegal business would have its money connected to a legal entity, one or more people.
The only way a business could be sold is if it is a corporation. If it is not, then that would be slavery.
They really do not.
The whole concept of a corporation is to create a corporate person(not a real person) who can make contracts, and conduct business. It is a separate entity from the natural people(real people) involved with it, and can be sold. The only other entity that can conduct business is a natural person, and we are not allowed to sell them.
Litmus
Verified User
things are treated as a defacto sole proprietorsship with flow through taxation.
Litmus
Verified User
individuals can do business with one another without one being a slave.
OK, let me see if I understand what you are claiming:
I own a cupcake store, and I sell 100% of that cupcake store to "Mr Wonderful." So I no longer own a cupcake store. I am off doing whatever I am doing, but it no longer has anything to do with cupcakes. But I still have to pay "Mr. Wonderful" $1 for every cupcake he sells, Why would anyone make such a deal?
I almost want to say that while bizarre, and useless, it is legal... But then I remember quid pro quo. There needs to be some reason for me to make a contract for it to be valid. I need to be making something out of it. So "Mr. Wonderful" can make money as long as I might make money, he cannot make money without any chance of me making money.
Now that I know is not true. All LLC's have stocks. The only difference is that some stocks are publicly traded, and others are not publicly traded.
If you sell those stocks, whether they are publicly traded, or over the counter traded, you must pay taxes on the capital gains... Or go to prison for tax evasion.
Litmus
Verified User
of course nobody would suggest buying the company and doing a royalty.
that's a scenario only your hamster wheel of idiocy could piece together out of dum-dum remnants.
You do not seem to understand what a red flag is.
Yes, individuals can do business without it being slavery. Those individuals can not be sold, because that would be slavery.
We are talking about a business that was sold, so it was either a corporation, or Earl sold his son into slavery.