Thread: Trump promises ‘no new deals’ while president, Ivanka won’t manage company

Trump promises ‘no new deals’ while president, Ivanka won’t manage company

Late-night tweets come after postponement of Dec. 15 press conference

By Darren Samuelsohn and Shane Goldmacher
12/13/16 12:27 AM EST
Updated 12/12/16 09:30 PM EST

Donald Trump is promising to refrain from launching any new business deals during his time in the White House, and the president-elect also said late Monday night he plans to hand over operations of his sprawling company to his two adult sons but not his oldest daughter, Ivanka.

The businessman offered details on the future of his financial empire via Twitter through a series of late night posts. The tweets came just hours after his aides confirmed a delay to his planned Thursday “major news conference” that was being billed as a chance for Trump to explain how he’d disentangle himself from his business arrangements.

Trump aides said the formal roll out would come next month, before he’s sworn in on Jan. 20.

On Twitter, the president-elect said only that he’d hold a press conference “in the near future” to talk about his business plans, as well as his Cabinet appointments “and all other topics of interest.”

“Busy times!” Trump wrote in the message just before midnight Tuesday.

The extra time gives Trump’s team a chance to further navigate his ethics entanglements and it also provides his critics with more time to punish him as he struggles to do so.

Trump strategist and former campaign manager Kellyanne Conway said during an interview on CNN earlier Monday night that the “minor delay” offers the real estate mogul more time to work through an arrangement. Conway said Trump's team will find a solution that protects the incoming president from conflicts of interest as he transitions from running a sprawling business organization to running the federal government.

The president-elect, his family and their lawyers have been working since November’s election to sort through a complex set of legal mandates, tax questions and ethical constraints. Their goal is to allow Trump to maintain a stake in the company he’s built over more than four decades while still turning over operational responsibilities to his adult sons, Donald Jr. and Eric.

“As we know, it’s a very unconventional situation,” Conway told CNN. “Normally we have politicians moving from political job to political job. In this case, we have a very successful businessman, who’s brilliant and a billionaire, who has assets and holdings all over the globe, and that needs to have a transfer of power through the proper channels.”

But Trump retaining any stake in his company, given its global operations, promises to be controversial. Trump sought on Twitter to tamp down one of many conflict concerns he’s facing by writing that “no new deals will be done during my term(s) in office.”

In that same message, Trump also acknowledged only Donald Jr. and Eric would be charged with managing his company. He notably left out any mention of his daughter Ivanka, whose husband, Jared Kushner, is seen as one of his closest advisers and is considering a move to Washington D.C.

Exactly how the new Trump business arrangement will ultimately look is a work in progress. With additional time, Republicans say the Trump team will keep brainstorming on possible fixes. “This is one of these situations where it’s so complicated and it’s so big that people keep thinking of things,” said a well-placed GOP source tracking the issue. “I don’t think there’s an easy answer, but there may be a simple elegant idea not thought of yet.”

The delay also gives Democrats and other Trump critics another opportunity to accuse the president-elect of attempting to use public office for personal enrichment. They argue those conflicts of interest are unavoidable unless Trump takes significant steps to distance himself from his own assets, and they’ve criticized Trump relentlessly for his resistance to setting up their preferred anti-corruption safeguards.

“Donald Trump is a corrupt liar,” American Bridge President Jessica Mackler said in a statement. “And after pledging to eliminate his ability to profit off the presidency, he's now refusing to even talk about it. Trump knows his only option is to totally divest, but he can't bring himself to do it, because he wants to profit off the presidency.”

Trump doesn’t appear headed toward a complete sell-off his businesses, despite the pleadings from Democrats and some Republicans who say he should follow recent presidential practice by putting his assets into a “true blind trust” run by an independent trustee with no ties to him or his family.

In Trump’s public remarks and recent tweets, he’s indicated no interest in taking such an approach. In an interview Sunday with FOX News, Trump again stated that he planned to maintain ownership of his company while his executives and children take over the day-to-day operations. “Well, essentially, I’m not going to have anything to do with the management,” Trump said.

Trump insisted in the interview that the plan he was mapping out was designed to avoid conflicts of interest, and he tried to make his case by citing a potentially lucrative business opportunity presented to him last week that he decided against pursuing.

“I am turning down billions of dollars of deals,” Trump said, citing an unspecified offer involving, “seven deals with one big player, great player, last week, because I thought it could be perceived as a conflict of interest.”

Many of Trump’s leading surrogates have also knocked down the notion that he needs to sell his business outright.

“You can’t take Trump as a name and a $10 billion system and hide it. It’s just stupid,” former House Speaker Newt Gingrich, an early Republican backer of the president-elect, said in an interview. He’s urging Trump to turn over his company to his children while setting up an independent panel of three to five people who review its books monthly “and make sure in no way it’s being used to the advantage of Trump.”

On CNN, Conway on Monday called the change in schedule for the announcement a “minor delay” that accounts for the upcoming holidays and the need to keep working out a solution. “There’s no reason to rush that if the procedures are not ready,” she said. “The same questions that will be asked and the same answers that will be provided will just be delayed for a few weeks.”

Asked by anchor Anderson Cooper whether Trump’s delay signaled any intention of changing course from the plan for the president-elect to keep hold of the ownership of his company, Conway replied, “At the moment, it does not. What it does is make more clear how convoluted and complex you know many of these business holdings are.”

“Everybody wants to make sure they get it right,” she added. “And to get it right you have to get proper legal counsel, accountants, lawyers, obviously other corporate officers involved, and his expectation remains that he will cede operational control of the Trump Organization to his adult children and other corporate officers whom he trusts and have worked for him for many years so that he can focus 100 percent of his time and attention to being president of the United States.”

During his transition, Trump has been less than absolute on many of the issues involving his business — and the potential domestic and international conflicts they bring.

His company is still pursuing litigation that would expose Trump to depositions, document discovery and other steps that can embarrass a sitting president. He also signaled last week that he’ll keep drawing a salary and maintain the executive producer credit line on the NBC reality show “Celebrity Apprentice,” which he previously hosted, helping make him a household name with a new generation of Americans.

But on other occasions, Trump has shown he wants to avoid cross fire on matters stemming from his pre-political career. Last month, he agreed to settlements totaling $25 million in three separate lawsuits alleging fraud at his Trump University real estate seminars. Then last week, his transition team said Trump had, back in June, sold his entire stock portfolio, with an estimated worth of at least $22 million. Transition aides did not provide any documentation to explain or confirm the transactions.

Politically, Trump appears to have some room to maneuver as he tries to sort out his business dealings. Republican leaders have said they’ll give Trump the benefit of the doubt that he will be governing in the country’s interest, as opposed to his own financial ones. On CNBC last week, House Speaker Paul Ryan said Trump’s business interests were “not what I’m concerned about in Congress.”

That’s a view other senior GOP lawmakers have expressed to POLITICO too.

“He’s not a defense contractor, he’s not dealing with NASA, he’s not dealing with the Justice Department, he’s not dealing in health care,” said Alabama GOP Sen. Richard Shelby, chairman of the Banking, Housing and Urban Development Committee. “He’s in the hotel and entertainment business. I think there’d be minimal conflicts, if any.”

“The only obligation he has is that under the law,” explained Rep. Jason Chaffetz, the Utah Republican and chairman the committee charged with government oversight, including Trump administration, in the next Congress. “There are public perceptions that I’m sure they’re keenly aware of.”

The Trump Organization and the president-elect’s adult children have maintained an active presence since the election waving the name of the next president, hawking the family’s wines for the holidays, auctioning off a private coffee with Ivanka for charity and celebrating the No. 1 ranking of their Scottish links golf course with a “Trump Wins Again!” tweet.

Since winning the White House, however, the Trump name also has new strings attached to it, including questions about how to handle security around the world on Trump-linked properties that become inviting terrorism targets.

“If something happens on a Trump building outside the U.S. and people get hurt, that’d make Benghazi look like nothing,” warned Richard Painter, a former top ethics lawyer from George W. Bush’s White House.

Painter last Friday also joined more than a dozen public interest groups and several former GOP elected officials in a letter to Trump pleading with the president-elect to go beyond just handing organizational control of his business over to his children.

“By combining your presidency with your family business, you will create ongoing conflicts of interest and credibility problems for your presidency,” wrote the group, which includes the Project on Government Oversight, Public Citizen and former New Jersey Gov. Christie Todd Whitman.

Norm Eisen, former top ethics lawyer in Barack Obama’s White House, said in a statement Monday that by delaying his announcement this week, Trump was sending a “positive sign” that he still could sell off his company and move the assets into a blind trust. “Let's hope he takes the additional time to do the right thing,” he said.

http://www.politico.com/story/2016/1...s-plans-232535

Donald Trump is promising to refrain from launching any new business deals during his time in the White House, and the president-elect also said late Monday night he plans to hand over operations of his sprawling company to his two adult sons but not his oldest daughter, Ivanka.

I think that's more than enough separation. He doesn't have to sell his properties or businesses to be our President and help US fix our country. If I were Trump, I'd forget the Press Conference, just put Don and Eric in charge and move on. The people complaining about Trump's businesses and properties are not the people in the 30 states who elected Donald Trump, they're the people in the other 20 who voted for Hillary, so who cares what they think? They're also stupid people who think business is a gift and greeting a foreign dignitary with your Dad is a "conflict of interest".

Yes, most people gaining political office are politicians - but make no mistake they are all in 'business' and their 'business' is amassing fortunes and power for themselves. They may not include money to any action businesses they may own - it can be monies to do the bidding of other businesses.

No one questioned Pres. George Bush and his family's connection to Carlyle Group, when he was lying us into the longest war in our history
There was only token questioning of Cheney and his connection to Halliburton when they were given a war contract and a free pass to scam Americans taxpayers.

The same people questioning PE Trump are the same group who evidently think there was no 'conflict of interest' to the Clintons
getting huge foundation donations in exchange for access to the State Department.

I don't know what to do about business conflicts - except try to be sure we people who put the country and the Constitution before their own financial gain.

Again, how many Presidents, congresscritters, department heads, return home poorer than when they decided to take up a job of 'public service'?

The types of businesses and properties that Trump holds are hotels, apartments, office buildings, golf courses, properties and enterprises that really don't have anything to do with government "policy". There should be no conflicts of interest. The Media is purporting "conflicts of interest" as if they don't know what it means. In order for something to be a "conflict of interest", there has to be a benefit to one causing harm to another in particular the government or the people at large. None of this happens with hotels, apartments, office buildings, golf courses and such. Besides all of Trump's polices he wants to implement benefit all the public-at-large, the nation, our citizens, our businesses.

For example, to be a conflict of interest, someone would have to show that some rule or regulation or law or policy that he was in charge of benefited Trump while harming others in the same business. That just isn't going to happen. And under our laws, it really can't happen.

I think it's a shame in a way that the Trump Organization is going to stall new projects to try to appease the MEDIA and DEMOCRATS. When the Trumps do projects, they invest money, take risk, and turn some old dilapidated area into a beautiful gorgeous money making wonder. So to me putting a halt on new projects is cutting off our noses to spite our own faces. All this new inner city redevelopment to fix our dilapidated areas in the inner cities, the Trumps know how to do that as well or better than anyone and it's a shame it seems to me for them to be excluded now.

Oh, I think their is room for conflicts, there always are.

We just went through a meltdown in the real estate market because some people whispered to lawmakers, and the President and were allowed to do some really dirty things and it cost us all.

I don't think he will, I hope it won't, but there is always ways to get laws and regulations passed to benefit oneself. That is why I think it is useless to speak of conflict of interest. There is really not a lot can be done about it, except keep a close eye - and try to elect honorable people.

Honor is what is lacking in our government and even in our society.
We've kinda decided honorable is what we can get away with - not what is right or wrong.

Trump's Businesses And Potential Conflicts: Sorting It Out
December 5, 20167:00 AM ET


MARILYN GEEWAX
Twitter
MARIA HOLLENHORST




Standing with his son Eric, wife Melania, and daughters Tiffany and Ivanka, Donald J. Trump cuts the ribbon for his latest property, the Trump International Hotel in Washington, D.C., on Oct. 26.

NurPhoto via Getty Images

Trying to understand the Trump Organization is a daunting task. President-elect Donald Trump has not released tax documents, so the best clues about his privately held business interests come from a financial disclosure form he released in May.

The document covers scores of pages with small type, and suggests he is financially involved with hundreds of companies, including some that simply license his name.

A sort through that disclosure form, submitted to the Office of Government Ethics, shows his largest sources of revenue are golf courses and office-tower rents. But his interests are far flung, and include media, retail, entertainment and much more.

Those business interests are affected by government agencies and policies. Below is an overview of some of his business assets and operations (excluding debts) and the possible areas where conflicts may arise.

THE TWO-WAY

Not A Hack: U.S. Office Of Government Ethics Tweets At Trump


Trump himself noted that there are ethical concerns about his dealings. He said in tweets that he would hold a "major news conference" on Dec. 15 with his children to address the issue. (Editor's note: Thepress conference was later canceled, just days before it was meant to take place, and rescheduled for January.)

"While I am not mandated to do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses," Trump tweeted. He said "legal documents are being crafted which take me completely out of business operations."
But at this time, he has not explained his plans.

NOTE: All companies, locations and revenues listed below are as reported by the Trump Organization in his Office of Government Ethics filing. Revenues shown are for January 2015 through May 15, 2016. In most cases, the company reported revenues; in some, only ranges. We are excluding sources of investment income unrelated to Donald Trump's businesses or employment. We are including only revenue-generating assets and activities that discernibly fall into the categories below, based on the description reported on the form.

International / Golf Courses / Hotels / Real Estate / Entertainment / Food And Beverage / Retail / Aircraft

---

International

Trump has business interests in at least 20 countries, primarily India, the Philippines and Indonesia and other developing nations. His foreign policy decisions could have a big impact on profits earned outside of the United States.
PARALLELS

Who's The New Philippine Envoy? The Man Building Trump Tower Manila


One example: The Philippines' new trade envoy to the United States is Jose E.B. Antonio — the man building Trump Tower at Century City, a 57-story luxury building nearing completion in Manila, the Philippines' capital.

Will Donald Trump's policies involving the Philippines affect profits from his property in Manila? Will competing U.S. corporations — say, Marriott International Luxury Brands — get fair treatment there?

Trump's overseas business operations could put him into conflict with the policies and plans of the State Department, the Pentagon and the U.S. Trade Representative.

• Trump Turnberry
  Type: Golf club
  Location: Turnberry, Scotland
  Revenue: $18.2 million (golf-related revenue)
• Trump International Golf Links - Doonbeg
  Type: Golf course and resort
  Location: Doonbeg, Ireland
  Revenue: $10.8 million (golf-related revenue)
• DT Dubai Golf Manager LLC
  Type: Management company
  Location: Dubai, UAE
  Revenue: $1 million to 5 million
• DT Dubai II Golf Manager LLC
  Type: Management deal with FRONTLINE investment Management Co LLC
  Location: Dubai, UAE
  Revenue: $1 million to 5 million (royalties)
• DT Marks Bail LLC
  Type: License deal
  Location: Bali, Indonesia
  Revenue: $1 million to 5 million (royalties)
• DT Marks Lido LLC
  Type: License deal
  Location: Lido, Indonesia
  Revenue: $1 million to 5 million (royalties)
• DT Marks Worli LLC
  Type: License deal
  Location: New York
  Revenue: $1 million to 5 million (royalties)
• Trump Marks Istanbul II LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $1 million to 5 million (royalties)
• Trump Marks Panama LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $1 million to 5 million
• Trump Marks Philippines
  Type: License deal
  Location: New York
  Revenue: $1 million to 5 million (royalties)
• Trump International Golf Links - Scotland
  Type: Golf course
  Location: Turnberry, Scotland
  Revenue: $4.9 million (golf-related revenue)
• Tag Air Inc
  Type: Bank account
  Location: New York
  Revenue: $3.7 million (aircraft-related revenue)
• Trump Canouan Estate LLC
  Type: Land
  Location: St. Vincent and the Grenadines
  Revenue: $3 million
• Caribusiness Investments SRL
  Type: Land
  Location: Dominican Republic
  Revenue: $2 million
• Trump Panama Hotel Management Corp
  Type: Management company
  Location: New York
  Revenue: $1.3 million (management and related fees)
• Trump Toronto Management Corp
  Type: License deal
  Location: New York
  Revenue: $611,864 (management and related fees)
• THC Baku Services LLC
  Type: Management company
  Location: Baku, Azerbaijan
  Revenue: $323,150 (management and related fees)
• Excel Venture I LLC
  Type: Residential rental property
  Location: St. Martin, French West Indies
  Revenue: $100,000 to 1 million (rent)
• Trump Marks Punta Del Este LLC
  Type: License deal
  Location: Punta Del Este, Uruguay
  Revenue: $100,000 to 1 million (royalties)
• DT Bali Technical Services Manager LLC
  Type: Management
  Location: Bali, Indonesia
  Revenue: $83,333 (management and related fees)
• DT Lido Technical Services Manager LLC
  Type: Management company
  Location: Lido, Indonesia
  Revenue: $83,333 (management and related fees)
• DT Connect Europe Limited
  Type: Aircraft
  Location: Scotland
  Revenue: $15,000 to 50,000 (rent)
• THC Vancouver Management Corp
  Type: Management company
  Location: Vancouver, Canada
  Revenue: $35,714 (management and related fees)
• DT Marke Pune LLC
  Type: License deal and bank account
  Location: New York
  Revenue: Less than $200 (royalties)
• DT Marks Dubai LLC
  Type: License deal
  Location: Dubai, UAE
  Revenue: Less than $200
• THC China Development LLC
  Type: Developer
  Location: New York
  Revenue: Less than $200
• Trump Marks Asia LLC
  Type: Residential real estate
  Location: Virginia
  Revenue: Less than $200
• TW Venture II LLC
  Type: Golf course and resort
  Location: Doonbeg, Ireland
  Revenue: Less than $200

Golf Courses

Many federal agencies regulate environmental issues involving golf courses — including the U.S. Army Corps of Engineers and the Environmental Protection Agency, which often are at odds with course owners regarding water storage and storm water ditches.

Trump already has complained about wind farms cluttering the views from his Scottish golf courses; presumably he would have the same concerns in this country. Golf courses also can be helped — or harmed — by flight patterns controlled by the Federal Aviation Administration.

• Trump National Doral
  Type: Golf course and resort
  Location: Florida
  Revenue: $131.9 million (golf-related revenue)
• Trump National Golf Club - Los Angeles
  Type: Golf course
  Location: California
  Revenue: $26.9 million (golf-related revenue and a land sale)
• Trump National Golf Club - Bedminster
  Type: Golf club
  Location: New Jersey
  Revenue: $20.6 million (golf-related revenue)
• Trump Turnberry
  Type: Golf club
  Location: Scotland
  Revenue: $18.2 million (golf-related revenue)
• Trump National Golf Club - Jupiter
  Type: Golf club
  Location: Florida
  Revenue: $17.9 million (golf-related revenue)
• Trump International Golf Club - Florida
  Type: Golf club
  Location: Florida
  Revenue: $17.5 million (golf-related revenue)
• Trump National Golf Club Washington DC
  Type: Golf club
  Location: Virginia
  Revenue: $17.5 million (golf-related revenue)
• Trump National Golf Club - Charlotte
  Type: Golf club
  Location: North Carolina
  Revenue: $14.1 million (golf-related revenue)
• Trump International Golf Links - Doonbeg
  Type: Golf course and resort
  Location: Ireland
  Revenue: $10.8 million (golf-related revenue)
• Trump Nation Golf Club - Westchester
  Type: Golf club
  Location: New York
  Revenue: $10.3 million (golf-related revenue)
• Trump Ferry Point LLC
  Type: Operating agreement with the New York City Department of Parks and Recreation
  Location: New York
  Revenue: $7.9 million (golf-related revenue)
• Trump National Golf Club - Colts Neck
  Type: Golf club
  Location: New Jersey
  Revenue: $7.5 million (golf-related revenue)
• Trump National Golf Club - Philadelphia
  Type: Golf club
  Location: New Jersey
  Revenue: $5.6 million (golf-related revenue)
• Trump National Golf Club - Hudson Valley
  Type: Golf club
  Location: New York
  Revenue: $5.6 million (golf-related revenue)
• Trump International Golf Links - Scotland
  Type: Golf course
  Location: Scotland
  Revenue: $4.9 million (golf-related revenue)
• DT Dubai Golf Manager LLC
  Type: Management company
  Location: Dubai
  Revenue: $1 to 5 million
• DT Dubai II Golf Manager LLC
  Type: Management deal with FRONTLINE Investment Management Co LLC
  Location: Dubai
  Revenue: $1 to 5 million (royalties)
• White Course LLC
  Type: Bank account
  Location: Florida
  Revenue: $87,000 (golf-related revenue)
• Trump Golf Acquisitions LLC
  Type: Golf letters of intent
  Location: New York
  Revenue: $22,000

Hotels

Hotels often employ low-wage workers, who could be affected by a host of government agencies and actions. For example, if Congress were to approve a large increase in the federal minimum wage, the president could veto it to hold down labor costs.

Here are a few federal agencies that could affect Trump labor costs and practices: theEmployee Benefits Security Administration, the National Labor Relations Board, the Bureau of Citizenship and Immigration Services, the Equal Employment Opportunity Commission and the Occupational Safety and Health Administration.

• Trump Ruffin Tower I LLC
  Type: Commercial real estate
  Location: Nevada
  Revenue: $48.0 million (condo sales and hotel-related revenue)
• Mar-A-Lago Club LLC
  Type: Resort
  Location: Florida
  Revenue: $29.8 million (resort-related revenue)
• Trump International Hotels Management LLC
  Type: Management company
  Location: New York
  Revenue: $3.4 million (management and related fees)
• Trump International Hotel Hawaii LLC
  Type: Management company and license agreements
  Location: Hawaii
  Revenue: $2.4 million (royalties)
• Trump Chicago Hotel Manager LLC
  Type: Management company
  Location: New York
  Revenue: $2.3 million (management and related fees)
• Trump Panama Hotel Management Corp
  Type: Management company
  Location: New York
  Revenue: $1.3 million (management and related fees)
• Trump Old Post Office
  Type: Hotel
  Location: Washington, D.C.
  Revenue: $1 million (royalties)
• Trump Toronto Management Corp
  Type: License deal
  Location: New York
  Revenue: $612,000 (management and related fees)
• Ritz Carlton Hotel at 112 Central Park
  Type: Management company
  Location: New York
  Revenue: $286,000 (management and related fees)
• TIHT Holding Company LLC
  Type: Hotel condo unit
  Location: New York
  Revenue: $100,000 to 1 million (rent)
• Trump Marks Sunny Isles I LLC
  Type: License deal
  Location: New York
  Revenue: $100,000 to 1 million (royalties)
• Travel Enterprise Management Inc.
  Type: Bank account
  Location: New York
  Revenue: $75,000 (service fees)
• THC Vancouver Management Corp
  Type: Management company
  Location: Canada
  Revenue: $36,000 (management and related fees)
• OPO Hotel Manager LLC
  Type: Management company
  Location: Washington, D.C.
  Revenue: Less than $200
• THC Central Reservations LLC
  Type: Hotel company
  Location: New York
  Revenue: Less than $200
• Trump Miami Resort Management LLC
  Type: Management company
  Location: Florida
  Revenue: Less than $200

Real Estate

POLITICS

Who Benefits From Donald Trump's Tax Plan?

The value of commercial real estate businesses can be greatly affected by federal tax rules involving depreciation, taxation of capital gains, estate taxes and passive loss limitations. Trump would have the power to name the head of the Internal Revenue Service, as well as to veto any tax-related legislation passed by Congress.

• Trump Ruffin Tower I LLC
  Type: Commercial real estate
  Location: Nevada
  Revenue: $48.0 million (condo sales and hotel-related revenue)
• Trump Park Avenue LLC
  Type: Residential and commercial real estate
  Location: New York
  Revenue: $44.3 million (rent)
• 1290 Avenue of the Americas
  Type: Commercial real estate
  Location: New York
  Revenue: More than $5 million (rent)
• 40 Wall Street llc
  Type: Commercial real estate
  Location: New York
  Revenue: More than $5 million (rent)
• 845 UN Limited Partnership
  Type: Commercial real estate
  Location: New York
  Revenue: More than $5 million (rent)
• Fifty-Seventh Street Associates LLC
  Type: Commercial real estate
  Location: New York
  Revenue: More than $5 million (rent)
• HWA 555 Owners, LLC
  Type: Commercial real estate
  Location: California
  Revenue: More than $5 million (rent)
• Interest in Starrett City LP
  Type: Commercial real estate
  Location: New York
  Revenue: More than $5 million (rent)
• TIHT Commercial LLC
  Type: Commercial real estate
  Location: New York
  Revenue: More than $5 million (rent)
• Trump CPS LLC
  Type: Commercial real estate
  Location: New York
  Revenue: More than $5 million
• Trump Plaza LLC
  Type: Residential and commercial real estate
  Location: New York
  Revenue: More than $5 million (rent)
• Trump Tower Commercial LLC
  Type: Commercial real estate
  Location: New York
  Revenue: More than $5 million (rent)
• Trump Canouan Estate LLC
  Type: Land
  Location: St. Vincent and the Grenadines
  Revenue: $3 million
• Caribusiness Investments SRL
  Type: Land
  Location: Dominican Republic
  Revenue: $2 million
• Trump Chicago Commercial Manager LLC
  Type: Management company
  Location: New York
  Revenue: $1.4 million (management and related fees)
• 401 North Wabash Venture LLC
  Type: Residential and commercial real estate
  Location: Illinois
  Revenue: $742,005 (rent and condo sales)
• Trump Chicago Residential Manager LLC
  Type: Management company
  Location: New York
  Revenue: $679,444 (management and related fees)
• Trump Virginia Acquisitions LLC
  Type: Commercial real estate
  Location: Virginia
  Revenue: $534,762
• TNGC Jupiter Management LLC
  Type: Management company
  Location: Florida
  Revenue: $451,020 (management and related fees)
• THC Baku Services LLC
  Type: Management company
  Location: Baku, Azerbaijan
  Revenue: $323,150 (management and related fees)
• DT Tower Gurgaon LLC
  Type: License deal
  Location: India
  Revenue: $100,000 to 1 million (royalties)
• Excel Venture I LLC
  Type: Residential rental property
  Location: St. Martin, French West Indies
  Revenue: $100,000 to 1 million (rent)
• Interest in Spring Creek Plaza LLC
  Type: Commercial real estate
  Location: New York
  Revenue: $100,000 to 1 million (rent)
• Trump Marks LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $100,000 to 1 million (royalties)
• Trump Marks New Rochelle LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $100,000 to 1 million (royalties)
• Trump Marks Stamford LLC
  Type: License deal
  Location: New York
  Revenue: $100,000 to 1 million (royalties)
• Trump Marks Waikiki LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $100,000 to 1 million (royalties)
• Trump Palace/Parc LLC
  Type: Commercial real estate
  Location: New York
  Revenue: $100,000 to 1 million (rent)
• residential real estate FL
  Type: Residential real estate
  Location: Florida
  Revenue: $50,000 to 100,000
• residential real estate FL
  Type: Residential real estate
  Location: Florida
  Revenue: $15,000 to 50,000
• Trump Scotsborough Square LLC
  Type: Residential real estate
  Location: Virginia
  Revenue: $5,000 to 15,000
• Chicago United Acquisition LLC
  Type: Residential real estate
  Location: Illinois
  Revenue: Less than $200
• Country Apartments LLC
  Type: Residential real estate
  Location: New York
  Revenue: Less than $200
• Country Properties LLC
  Type: Residential real estate
  Location: Virginia
  Revenue: Less than $200
• Fifty-Seventh Street management company
  Type: Management company
  Location: New York
  Revenue: Less than $200
• Hudson Waterfront Associates II, LP
  Type: Residential real estate
  Location: New York
  Revenue: Less than $200
• Lamington Family Holdings LLC
  Type: Land
  Location: New Jersey
  Revenue: Less than $200
• North Canon LLC
  Type: Residential real estate
  Location: California
  Revenue: Less than $200
• North Canon Member
  Type: Residential real estate
  Location: California
  Revenue: Less than $200
• Seven Springs LLC
  Type: Real estate investment
  Location: New York
  Revenue: Less than $200
• THC China Development LLC
  Type: Developer
  Location: New York
  Revenue: Less than $200
• THC IMEA Development LLC
  Type: Developer
  Location: New York
  Revenue: Less than $200
• The East 61 Street Company, LP
  Type: Residential real estate
  Location: New York
  Revenue: Less than $200
• Trump 845 UN MGR Corp
  Type: Commercial and residential real estate
  Location: New Jersey
  Revenue: Less than $200
• Trump Marks Asia LLC
  Type: Residential real estate
  Location: Virginia
  Revenue: Less than $200
• Trump Realty Services LLC
  Type: Mortgage broker
  Location: New York
  Revenue: Less than $200
• Trump Tower Managing Member Inc.
  Type: Commercial real estate
  Location: New York
  Revenue: Less than $200
• Trump Tower Triplex
  Type: Residential real estate
  Location: New York
  Revenue: Less than $200

Entertainment

Trump has been a major figure in the television industry for many years. The Federal Communications Commission sets rules for broadcasting and cable, and Trump will be able to appoint members to it. Federal laws not only regulate broadcasting, they also cover content issues, such as copyright and profanity.

• Miss Universe L.P, LLLP
  Type: Beauty pageant
  Location: New York
  Revenue: $49.3 million (beauty-pageant-related revenue)
• Trump Productions LLC
  Type: Production company
  Location: New York
  Revenue: $5.9 million (production revenue)
• Trump Model Management LLC
  Type: Modeling agency
  Location: New York
  Revenue: $1.9 million (commissions)
• Screen Actors Guild Pension
  Type: Pension
  Location: California
  Revenue: $169,000
• 208 Productions LLC (The Apprentice)
  Location: California
  Revenue: $8,368 (salary)

Food And Beverage

Trump has business interests in restaurants and vineyards. Federal agencies play a regulatory role in those areas. The Food Safety and Inspection Service, as well as the Centers for Disease Control and Prevention, work to ensure food safety and proper labeling while preventing outbreaks of foodborne diseases.
Environmental regulations have an impact on food-growing costs, and the federal government plays a big role in setting labor costs (see the section on Hotels).

• THC Miami Restaurant Hospitality LLC
  Type: Bank account
  Location: Florida
  Revenue: $7.9 million (food- and beverage-related sales)
• Trump Restaurants LLC
  Type: Restaurant
  Location: New York
  Revenue: $3.9 million (food- and beverage-related sales)
• Trump Vineyard Estates Lots 3 Owner LLC
  Type: Vineyard
  Location: Virginia
  Revenue: $100,000 to 1 million (rent)
• Trump Virginia Lot 5 LLC
  Type: Vineyard
  Location: Virginia
  Revenue: $50,000 to 100,000 (rent)
• Trump Marks Fine Foods LLC
  Type: License deal
  Location: New York
  Revenue: $15,000 to 50,000 (royalties)

Retail

The profits Trump can make from retail operations can be affected by the Federal Trade Commission's Bureau of Consumer Protection, the Labor Departmentand the U.S. Trade Representative. Those federal entities can create rules that drive up a retailer's cost of consumer protections, labor and imports.

• Trump Marks Mattress LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $1 million to 5 million (royalties)
• Trump Marks Menswear LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $1 million to 5 million (royalties)
• DT Home Marks International
  Type: License deal and bank account
  Location: New York
  Revenue: $100,000 to 1 million (royalties)
• Trump Home Marks LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $100,000 to 1 million (royalties)
• DT Marks Products International LLC
  Type: License deal and bank account
  Location: New York
  Revenue: $50,000 to 100,000 (royalties)
• Melania Marks Accessories LLC
  Type: License
  Location: New York
  Revenue: $5,000 to $15,000 (royalties)
• Melania Marks Skincare LLC
  Type: License
  Location: New York
  Revenue: Less than $200 (royalties)

Aircraft

Trump owns a small fleet of planes and helicopters, which is regulated by the Federal Aviation Administration. The carbon emissions generated by his aging aircraft are regulated by the Environmental Protection Agency. The president appoints the heads of both the FAA and the EPA.

• DJT Operations I LLC
  Type: Aircraft
  Location: New York
  Revenue: $100,000 to 5 million (rent)
• Tag Air Inc
  Type: Bank account
  Location: New York
  Revenue: $3.7 million (aircraft-related revenue)
• DT Connect Europe Limited
  Type: Aircraft
  Location: Scotland
  Revenue: $15,000 to $50,000 (rent)
• DJT Aerospace LLC
  Type: Aircraft
  Location: New York
  Revenue: Less than $200 (rent)
• DJT Operations CX LLC
  Type: Aircraft
  Location: Florida
  Revenue: Less than $200
• DT Connect II LLC
  Type: Aircraft
  Location: Florida
  Revenue: Less than $200
• DT Endeavor I LLC
  Type: Aircraft
  Location: Florida
  Revenue: Less than $200

http://www.npr.org/2016/12/05/503611...sorting-it-out