Surge in LLC contributions brings more mystery about true donors

Donald Trump’s inaugural committee did well by almost any standard: Doubling the previous record for cash raised to fund festivities around a new president’s swearing-in, it took in contributions from every major sector of the economy, and from donors who had steered clear of his campaign prior to the election.

The committee also received about $10.6 million — or about 10 percent of its total raised — from roughly 60 limited liability companies, or LLCs — structures often set up by small businesses that provide favorable tax treatment while also protecting their owners’ assets.

That’s far more than President Obama got from LLCs for his 2013 inauguration. And when it comes to presidential campaign funds, the amount coming from LLCs in 2016 was almost double the take from them four years earlier.

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Source: Surge in LLC contributions brings more mystery about true donors

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