Imagine a real estate investment company. It creates separate limited liability corporations for each project, one per hotel or one per resort. If that one project is sued by the state government or a massive lawsuit, it can go bankrupt - but the other properties are separate legal entities and thus not affected. So Trump's dozens of properties can have 5% go bankrupt and the rest are unaffected.
Then there are separate business entities like the Trump real estate school, Trump Steaks, "The Apprentice" TV show. Each could go bankrupt and not affect the others.
Tamara, thanks for the response. However, I begin to think why some business tycoons like Donald Trump refuse to declare their assets. I think it could be because of two reasons; either they are not worth what the impression of people are about them,
by C E Clark16 months ago
Why are Republicans in denial about Donald Trump and his many scams and lies?When someone engages contractors and agrees to pay them and then goes bankrupt on that promise it is basically a lie. When a man has a...
by Credence220 months ago
I reference the title as that of a book written by Dale Carnegie in the middle of the last century and was mandatory reading at our household when I was a kid. Folks are running away from being associated with the Trump...
by Grace Marguerite Williams17 months ago
If Donald Trump is elected as President of the United States, what will be YOUR reaction? Why?
by Ralph Schwartz15 months ago
Donald Trump just announced he will pass Term Limits? Will this help him win?At a rally today Trump spoke about a Constitutional Amendment on Term Limits for Congress. This should be supported across the...
by Ralph Schwartz17 months ago
Why is everyone but Donald Trump absent from the crisis in Baton Rouge ?The President is playing golf in Martha's Vineyard on yet another vacation - when a disaster of this magnitude strikes, it demands Presidential...
by Grace Marguerite Williams15 months ago
WHY would ANYONE even vote for Donald Trump at THIS juncture?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.