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very simple if donald trump was never going to be a party to the agreement and if he didn t want to bother donald trump with the agreement, and if donald trump was too busy campaigning for president to know anything about the agreement, and mr. cohen was going to do this on his own and wasn t going to bother mr. trump, then why take the effort to draft the agreement to make donald trump a signatory to the agreement? that s painting a fictional picture of the whole scenario. there s an or there. it could be ec, llc or why have any line for donald trump? they left it open for either/or. what does that mean? ec, llc entered into the contract. it s a real contract. you re saying donald trump had nothing to do with this. why have a line he has everything to do with it. he was a third party beneficiary. you re just not acknowledging that fact. he s a third party beneficiary to this contract. he doesn t have to be a party to the contract to benefit from the contract,
yourself the minimum to cover your living expenses or what you re worth? i think investors like to see some kind of flexibility here like maybe build in a ratchet up system so that if you meet certain milestones in numbers you pay yourself more. if you are the business is failing then you pay less. so i think that s important also consider your corporate structure, whether you are a c-corporation, llc or sole proprietorship. there are certain tax applications so you need to check that out as well. and you started a few companies. when did you decide to pay yourself? my perspective is pay yourself as soon as possible. there are a couple reasons. the first is you ve got to cover your bills, it s super hard to stay committed to a company if you are not making ends meet. for any business owner you can feel guilty like you shouldn t take it out. if you re working 24/7 you have to. the second reason why this is important it gives you a much more realistic picture of what
pay yourself a salary when you have some traction, you have revenues, you can meet all your other expenses. the real question is here is do you pay yourself the minimum to cover your living expenses or what you re worth. i think investors like to see some kind of flexibility here, like maybe build in a ratchet up system so if you meet certain milestones and numbers you pay yourself more and if the business is flailing, you pay yourself less so i think that s important also, consider your structure, c corps, llc or sole proprietorsh proprietorship, certain tax implications go into drawing a salary. tania, you started a few companies. when did you decide to pay yourself? my perspective, pay yourself as soon as possible. you have to cover your bills, super hard to stay really committed to a company if you re not making ends meet so for any business owner you can feel guilty about it, you shouldn t take it out of the company but
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