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Atlanta entrepreneur, Pinky Cole, gifts entire graduation class with an LLC.
Posted on 5/19/22 at 8:17 am
Posted on 5/19/22 at 8:17 am
LINK
While this sounds like a pretty cool gesture, how useful is this actually if half the graduating class had no intentions of even being a business owner to begin with.
quote:
Pinky Cole, the founder of Slutty Vegan, gifted LLCs to the Clark Atlanta University graduating class of 2022, encouraging them to go down the same entrepreneurship path that she has flourished along.
quote:
"Every single graduate in this audience will leave this stadium as a business owner," she said.
While this sounds like a pretty cool gesture, how useful is this actually if half the graduating class had no intentions of even being a business owner to begin with.
21
Posted on 5/19/22 at 8:20 am to QJenk
So she gifted them a yearly franchise tax bill and now they have to file extra returns? Most of them will be cussing her next year.
Posted on 5/19/22 at 8:20 am to QJenk
Posted on 5/19/22 at 8:20 am to QJenk
Tax evasion and money laundering.
Posted on 5/19/22 at 8:20 am to QJenk
quote:
Slutty Vegan
The frick is this?
Posted on 5/19/22 at 8:20 am to QJenk
Hey, here is this mostly useless thing for you at this stage in your life, but it comes with filing requirements and responsibilities you aren't prepared for!
Congrats!
Congrats!
Posted on 5/19/22 at 8:21 am to ProjectP2294
quote:
Hey, here is this mostly useless thing for you at this stage in your life, but it comes with filing requirements and responsibilities you aren't prepared for! Congrats!
it’s almost as bad as Scott’s TotsPosted on 5/19/22 at 8:21 am to QJenk
So basically, she gifted them with $100 and some paperwork, and now they have to pay the annual state fees.
Thanks
Thanks
Posted on 5/19/22 at 8:21 am to QJenk
quote:
Pinky
Posted on 5/19/22 at 8:21 am to QJenk
She planted the seed so maybe they will try and grow it to bear fruit.
Posted on 5/19/22 at 8:22 am to ProjectP2294
quote:
Hey, here is this mostly useless thing for you at this stage in your life, but it comes with filing requirements and responsibilities you aren't prepared for!
Congrats!
Or have any use for at this time as a broke, recent college grad.
Posted on 5/19/22 at 8:22 am to QJenk
If they aren’t thought what to do with the LLC, taxes, type of business to start, advertising, etc 99% of them will fail and not be able to afford to keep the LLC
Posted on 5/19/22 at 8:23 am to QJenk
Wait she gifted them LLCs? Just empty ones? Or actual shares of a profitable business?
Posted on 5/19/22 at 8:24 am to QJenk
How'd she file for LLCs for people she doesn't know?
Besides, if someone wants to set up an LLC, it's a couple hundred bucks depending on the state. I know I paid around $250 in AL and I just googled prices for Georgia and it's $110. If you're wanting to open a business and can't afford the LLC filing, you may want to rethink your plan.
Besides, if someone wants to set up an LLC, it's a couple hundred bucks depending on the state. I know I paid around $250 in AL and I just googled prices for Georgia and it's $110. If you're wanting to open a business and can't afford the LLC filing, you may want to rethink your plan.
Posted on 5/19/22 at 8:25 am to Bjorn Cyborg
quote:
she gifted them with $100
How many were in the graduating class? This may have been cheaper than running a commercial.
Posted on 5/19/22 at 8:31 am to QJenk
I have now heard of Slutty Vegan so her real mission accomplished for very cheap.
Posted on 5/19/22 at 8:34 am to QJenk
quote:
Slutty Vegan
Are there any other types?
Posted on 5/19/22 at 8:38 am to JetsetNuggs
quote:
Slutty Vegan
The frick is this?
Very weird seeing this here. I just had to serve them a quiet title action for a client bc they're in client's adjacent property in the Old Fourth Ward.
Could've been me. Lol.
Posted on 5/19/22 at 8:39 am to jlovel7
quote:
Wait she gifted them LLCs? Just empty ones? Or actual shares of a profitable business?
This is my question as well. So she basically filled out paperwork for people that didn’t even want or need it and have no use for it? Bravo… It’s not that hard to do the paperwork. And probably not even legal.
What did she put under type of business? This is dumb unless she actually gave them a working business-you get a snowball stand! you get a car wash! you get a taco truck! Now that would be cool.
This post was edited on 5/19/22 at 8:43 am
Posted on 5/19/22 at 8:46 am to QJenk
This is one of the dumbest things I've read today. Granted, it's early still.
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