Why doesn't Mayweather promotions have License?

[maguirre]

floyd is only good for one thing, boxing.

as soon as floyd can no longer command a crowd when he fights, his network of alleged business partners like GBP, haymon, schaeffer, will all abandon him.

Floyd is only useful to Haymon and Schaefer when he's fighting. When he retires, why would you want him as a partner if you were Haymon and Schaefer?

To assume that Floyd would use his money for such venture is idiotic. Floyd is tight-fisted and he would be Schaefer's worst nightmare when it comes to where his money went, profit gained and all the tiny little financial details. Schaefer would later regret why he ever left DLH.

[Dr Rumack]

For the same reason this guy doesn't need a driver's license

[ThePrince]

How can you sign fighters but not be able to promote them? Is Mayweather Promotions not just a management company technically?

[strykr619]

Had to search for this .... which the OP could have done as well

Being a LLC in Nevada has a bunch of tax advantages including no personal income tax, no corporate tax, no gift tax, and no unitary tax.

There are also liability advantages for being located in Nevada including the fact that officers (C-level, presidents, vice presidents, etc.) cannot be sued as an individual for actions tied to the company, except for outright fraud.

There are a bunch of business-friendly privacy laws in Nevada as well.

Limited Liability Corporations (Only in America is a bull**** system like this is allowed btw LOL) specifically designed to shield owners from losses.

And people wonder why Cronyism is so common today.

[arraamis]

The company seems to have been set up solely to allow floyd to reap some profit off all of the revenue streams generated by his fights. Maybe he and schaeffer will form a more "complete" promotional company when he retires.

That was the reason it was set-up as a LLC and not a full promotional entity.

In all honesty, its very easy to get a Promotional License -- 50cent is a perfect example. But when it comes to the IRS, that's where the differences manifest and it is huge.

Limited Liability Corporations (Only in America is a bull**** system like this is allowed btw LOL) specifically designed to shield owners from losses.

And people wonder why Cronyism is so common today.

Agreed ......... But its the American way!!

[arraamis]

https://fortress.wa.gov/dol/dolprod/...chResults.aspx

https://fortress.wa.gov/dol/dolprod/...chResults.aspx

Perhaps I'm missing something here .... But what does the Washington State Department of Licensing website have to do with Nevada?

[rayb112]

Perhaps I'm missing something here .... But what does the Washington State Department of Licensing website have to do with Nevada?

Why doesn't Mayweather Promotions have a license??? Does That does that help...let me know if your still missing something

[arraamis]

Why doesn't Mayweather Promotions have a license??? Does That does that help...let me know if your still missing something

I'm actually trying to give you the benefit of doubt .... But just as a FYI, the Washington State Department of Licensing does not document, regulate, nor does it have any jurisdictional authority over licensing in Nevada.

Now with that being stated, why would you post rebuttal attempts using links to the Washington State Department of Licensing?

Yes, I'm missing something, and I think you're missing quite a bit

[MaskedMurderer]

They have their own fights. Pretty sure they're set up how gbp is. Floyd= oscar. Ellerbe= Schaefer

LMFAO



You dont even believe the shit you say anymore huh>

[rayb112]

I'm actually trying to give you the benefit of doubt .... But just as a FYI, the Washington State Department of Licensing does not document, regulate, nor does it have any jurisdictional authority over licensing in Nevada.

Now with that being stated, why would you post rebuttal attempts using links to the Washington State Department of Licensing?

Yes, I'm missing something, and I think you're missing quite a bit

I was referring to the thread topic.