Any more theories why Mayweather promotions have no license? The media is useless... All we can do is speculate.
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Why doesn't Mayweather promotions have License?
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Originally posted by strykr619 View PostLimited 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.
Example: I own a restaurant, and if someone slips and falls and we are found liable, the person can sue the hell out of the LLC, take all it's assets, but as an owner, my personal liability is protected meaning the person couldn't sue and get my house, or any personal assets... It has absolutely nothing to do about SHIELDING LOSSES. Even in the post you quoted it doesn't say anything about shielding losses... You are not protected from losses, you either make money or the LLC goes bankrupt and closes, and the money invested is lost...
And it doesn't have anything to do with cronyism.. Honestly, after reading your post, I don't think you have any idea what your talking about..
"SHIELDING LOSSES, CRONYISM" it has no relation or correlation with an LLC
Boxingscene is an LLC, ask rick reeno if his losses are covered, if any are incurred...
LLC is one of the most effective ways for small businesses to setup..Last edited by Sugar Adam Ali; 05-28-2014, 12:58 AM.
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I don't know if I read the Nevada License Responsibilities right but I'm assuming if Mayweather Promotion Gets a license they have to cover all the associated costs and give up 6% of ticket sales no wonder he's not lisenced he probably saves a couple million each fight and those cost are passed along for GB to cover.
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MAYWEATHER PROMOTIONS, LLC
MAYWEATHER PROMOTIONS, LLC Promotor LAS VEGAS NV Active
https://fortress.wa.gov/dol/dolprod/...x?RefID=519027
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Originally posted by Cgarcia View PostAny more theories why Mayweather promotions have no license? The media is useless... All we can do is speculate.
To why they don't have a promoters license in NEVADA one would have to ask if one was needed. Its obvious they use GBP for promotions in Nevada. That all could change for there next fight depending on how this GBP rift turns out. Like another poster said they probably save money and resources.
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Originally posted by boxingfan1986 View PostMAYWEATHER PROMOTIONS, LLC
MAYWEATHER PROMOTIONS, LLC Promotor LAS VEGAS NV Active
https://fortress.wa.gov/dol/dolprod/...x?RefID=519027
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