corps or llcs that he was paid for, those businesses can t assert a fifth amendment right, can they? that is sort of true, as well. it s not a law yet because it used to be that corporations do not have a fifth amendment right for anything, however, some recent cases, hobby lobby, citizens united have started chipping away and giving corporations some legal rights. i think we re far away from that, and i think flynn s corporations are going to be compelled to present that testimony or those documents and we ll have the senate or the house will have those. legal battles inside legal battles. emily, on the subject of lawyer, you have a little bit of a scoop here. we know the president will bring in outside counsel and what we do know that you reported first, jared kushner went to chris christie, an adversary to jared kushner and asked for essentially legal advice here.
it s not that their policies failed. it s the entire world conspires. that s nonsense. this bill changes everything. melissa: one of the most essential things that i saw is that it encourages small business. small business owners. s corps. people who pay income tax on their business income because they don t have a lot of employees. what does that mean? it means a lot. lot of smile businesses file as s corps. it s very complicated. i know a guy in my town who runs a deli. hayes five or six employees. his wife is up all night trying to do the taxes and comply with regulations. one of the things i think it was what mr. cohn said the goal is growth and ease. lot of people do feel the system is out to trap them, that they don t understand it. i mean, i do my taxes on turbo tax. they re not that complicated. but i have my complaints. especially about the people s
i think she may be right. look, this is complicated. we ve had wealthy people run before. and often if they get to a position of power, they ve got to liquidate. that usually means selling off stocks. it doesn t mean selling off one s family business that they ve worked on for 30 years. and he has over 500 different businesses, llcs, s corps, c corps, and it would be difficult to sell. this is something we have to live with and work through. i think what donald trump could help himself with is transparency. and one of the things he has not been transparent about is his taxes. and if people could see his taxes, they could judge for themselves what the conflicts of interest are, and we could judge them going forward. now we can t. and those taxes are still a sticking point. joe, why is this question of divestment becoming the american people s problem? i mean, shouldn t trump have figured this out during the year plus that he was running for president? no. well, when you run for
say the statement of cash flows, business owners roll their eyes, but you could easily tell your bookkeeper or accountant what were the top two drivers of cash, where did the money go, how did the money come in, how much money did you make and also having cash in the bank, having money in the bank allows you to say no when you re a business owner, because a lot of business owners take on prongs that they probably shouldn t do just for the money, but if you know how much cash you have, you re so much clearer on where you are in your business. finally taxes. you don t want to be surprised. taxes are huge. it s a big thing that business owners need to plan. you need to know if you are an s corps, do you have to pay estimated taxes. business owners wait until the end of the year and that s okay, i d rather have you pay the taxes as you make the money. estimated taxes. so you don t have a big surprise. if you have good accounting software it s easy to get all of the numbers. the
conversation you get a lot of shares, retweets likes, what have you. when you try to sell something, it falls flat. exactly. i would say question what you re trying to gain out of it. is it lead generation or actual sales on that platform. if it s lead generation make sure you include the link to your site. if it s sales to the platform, look for other companies that have been successful and learn from them. a great example of sales for facebook is loly wally do. you can measure through google analytics so you can measure your roi. let s move onto the last question. it s an e-mail about how to structure your company. my domestic assistants business is an s corp. i now also have a natural products business. should i change to an llc or keep both as s corps. you may not have the answer but where should they go? i don t pretend to have the answer. i think that s a great question.