Comments Thread For: Golden Boy, Mayweather Promotions, Top Rank Applied For Forgivable Loans Amid Pandemic

[HitmanTommy]

Why is Mayweather taking tax money I thought he has 600 million which should last for eternity unless you gambled it away

Always one.

[Oldskoolg]

Al Haymon doesn’t seem to be on that list...

[Boxingfanatic75]

Unless you have no other source of cash flow and you're significantly wealthy.

Why do that? Part of the advantages of owning and managing an LLC is that you get to take every advantage of tax breaks, loans, etc because you’re the one taking all the risk. Additionally, after the first cash infusion and once you’ve declared LLC a person suing cannot come after your personal assets. However once you start mixing personal finances with that of the business now you leave yourself open to being personally sued instead of the corporation. The same goes for bankruptcy

[Roadblock]

Why not - they pay confiscatory taxes every other day of the year. If they qualify, they should definitely take the money.

They keep a lot of people in work, its a chain reaction, I watched a thing last night where Goverment official were getting them for their private bussiness and I thought whats the rort, but then they went into the whole list of flow on, one guy had 400 employed.

[Bunch Pag]

———-

They are NOT race related articles. I only used race because I know it agitates the haters.

So you're race baiting to agitate people who don't like Floyd? Pretty sad don't you think?. Is that the American mentality?

The rest I know, I only wanted to know why you felt the need to bring race into it . You've answered that question, cheers.

[Jax teller]

Any Accountant who graduated even from Sally Struthers online academy will tell you an LLC must keep personal finances separate from company finances.

That doesn't mean you don't fund your own company when it needs it, by injecting capital.

Where do you suppose the start up money is supposed to come from?

Only reason goverments should be funding companies is to prevent mass job loss and large damage to industries.

They shouldn't be using your tax dollars so owners and people responsible for unsustanaible financial practices can carry on taking millions of dividends, wages and 'bonuses' without digging into their own coffers.

This just removes accountability and provides no incentive to have contingency funds/plans for hard times.

[Gary Coleman]

Its disgusting companies take money like this while 50 million are out of work and many small businesses are failing and unable to get help.

Hey, they should just "pull themselves up by the bootstraps..."

The game is rigged. Learn the way the rich play it and adapt because it's not going to change any time soon. It takes discipline and a good bit of sacrifice, I'm now learning.

[BirdSong]

It takes discipline and a good bit of sacrifice, I'm now learning.

learning or earning?

[Gary Coleman]

learning or earning?

For now, learning.

[Kannabis Kid]

A bunch of British people talking about American business lmao the irony ask Eddie Hearns he knows all about the American market.