In a bold move, Sam announced an audit by a third party auditor. Probably a good move. But also a safe move.
In a Clintonesque move, Sam has been very specific when he does address the complaints. Very specific.
The bigger question is what isn’t being audited?
Perhaps his own choice of words is appropriate here, “WHO BENEFITS”?
Sam and Holly have been some of the bigger supporters of Legal zoom over the years! They currently have no less than 15 businesses registered in Idaho. If you count the ones that have been forfeited or dissolved just in the past three years, it goes up to 26!
The big business seems to be III Percent LLC. It has six additional “Doing Business As” (DBA) listings registered, to include MacGregor and Grey, America 527, Samuel White, Spartan MMA Academy, Light Warrior Fitness, and Studio III.
A recent venture is the III Partners LLC, registered a mere ten days ago.
With the exception of the III Percent Society for America Ltd, they are all LLCs. The simple definition of a limited liability company (LLC) is that it is a form of business entity that limits the liability of its owners while allowing flexibility in operation and management and passing through its income to its members with no tax at the entity level. In other words, there is no business income tax per se; the income is treated as individual income.
So, let’s look at what is currently registered for business in Idaho.
- III Arms Idaho LLC
- III Comms Idaho LLC
- III Partners Idaho LLC
- III Percent LLC
- DBA MacGregor & Grey
- DBA America 527
- DBA Samuel White
- DBA Spartan MMA Academy
- DBA Light Warrior Fitness
- DBA Studio III
- III Percent Patriots Idaho LLC
- III Percent Society for America Ltd Idaho Non Profit
- Idaho Patcon Idaho LLC
- Citadel Land Development LLC
- DBA Rightful Liberty Project
- Loden LLC
Who funds what and where does the money go? Are donations and funding to one cause diverted to support another cause?
In the interests of transparency, the Kerodins owe it to their supporters to open up and explain where the interests of these various businesses cross and where is the money shared. If it says III on it or is related to III ventures, we deserve transparency