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Elon Musk has built a secretive network of more than 90 companies and other legal entities in Texas, which he uses for things like paying nannies and supporting President Trump’s re-election, according to an examination by The New York Times. Our reporter Kirsten Grind explains what her team found while mapping out Musk’s wealth. Video by Kirsten Grind, Melanie Bencosme, James Surdam and Sean Havey/The New York Times #elonmusk #tesla #spacex #texas #trump
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If you owe child support — or think you may run into child support issues — this is something business owners need to understand. An LLC is often reported on your personal tax return, which means business income can be treated as personal income for child support purposes. That’s why many business owners with LLCs unintentionally hurt themselves — showing losses on paper, damaging the business, and creating long-term problems. A corporation, when structured and operated correctly, is a separate
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