How Donald Trump’s Web of LLCs Obscures His Business Interests
Donald Trump uses a web of privately held LLCs and other entities to house his assets—everything from real estate to a vintage carousel in Manhattan’s Central Park—making it impossible to gauge the full extent of potential conflicts he may face as president.
@WSJ: How Donald Trump uses a web of LLCs to obscure his business interests:
President-elect Donald Trump owns a helicopter in Scotland.
To be more precise, he has a revocable trust that owns 99% of a Delaware limited liability company that owns 99% of another Delaware LLC that owns a Scottish limited company that owns another Scottish company that owns the 26-year-old Sikorsky S-76B helicopter, emblazoned with a red “TRUMP” on the side of its fuselage.
Across Mr. Trump’s business, he uses a similar…