Can we make money by selling something that will ultimately lead to a lawsuit? One of our readers asked this question about Donald Trump’s now-defunct business, Trump University. It’s a current event, and I thought it might be interesting to explore two aspects of the legal proceedings: what the tax consequences are, and then whether or not it is good for a business to operate #TheTrumpWay.
Btw, my question was partially tongue in cheek…I have no interest in actually running a fraudulent biz even if I could get away with it..I couldn’t sleep at night since I actually have a heart and a conscience. But I appreciate the time you took to address the issues at the core of my question. 🙂
I know. Whatever venture you do Logan–catering, nutritional help, social media–you’re making sure that you’re taking care of your clients.