First, he's not moving money currently. He's pledged to move a tangible asset to a new entity.
Second, if you had read his latest comment or understood how a LLC functions and taxes apply, you would know that the LLC will have to pay taxes on the sale of those assets.
Third, any profit the LLC makes from investments in for-profit organizations will also be taxed.
In a previous comment I made on charities and trusts, he would be more likely to be avoiding taxes if he did create a charitable remainder trust for his kid. There's an immediate tax benefit, you get to use the yearly distribution any way you see fit, and there's no guarantee the money will ever see a charitable cause.
As a correction to your assumption and other comments in this thread, charitable trusts (depending on the many ways you can set these up) do not guarantee ANY money will ever be given to charity. Most require a distribution, but many do not dictate how this distribution is to be used or put a limit on how much can be distributed (although large distributions may still incur taxes). It's often used as a way to pass on an inheritance to avoid or limit tax consequences.
> Most require a distribution, but many do not dictate on how this distribution is to be used or put a limit on how much can be distributed. It's often used as a way to pass on an inheritance to avoid or limit tax consequences.
Yes but you can write the documents in such a way that it is required. In other words, I'd be willing to give him the benefit of the doubt that it was legally structured that way which is possible with such trusts.
My wife has rented several dresses online and usually orders 1-2 dresses and they offer free 'backup' sizes. Great for fancy events, themed parties, weddings, etc. where you'll realistically spend several hundred dollars on a nice dress that for some reason you can only wear once.
Heaven forbid your friends see you in the same designer dress twice...
Bonobos is carried in some Nordstrom stores, not sure about AYR. I'm actually thinking of giving their pants a second shot once the Nordstrom by me re-opens and I can try enough pairs on to find ones that fit well - if the store carries them.
Yeah, I recognized the name Bonobos from my favorite shirt, and I had got it at Nordstrom's, gets a lot of compliments. It contrasts with another sweater I got there, which developed holes after four months...
Had no idea Bonobos was trying to do this online-only thing, my first experience with them is in the physical world.
(No, not a shill and don't normally recognize and remember clothing brands on the spot.)
TBH, I still haven't had great luck with their pants. They just don't fit well, even trying several different configuration options.
On the other hand, their dress shirts are very high quality and fit (me) extremely well. They get me every time there is a sale on their dress shirts (like today).
I think the real difficulty with these business models is that the sizing numbers vary WILDLY across retailers, so there's a lack of consumer confidence when shopping - even with free shipping and returns. A 34x34 pant is not the same at J Crew, Banana or Bonobos. There are several other measures that impact the fit dramatically, of which the average consumer is not aware.
> I think the real difficulty with these business models is that the sizing numbers vary WILDLY across retailers
You're right, and the crazy thing is that men's[1] sizes should be completely bog-standard: they're supposed to be lengths in inches. There's no reason why I wear anything from a 29" to a 32" long pair of trousers, depending on the manufacturer.
I'm well aware that ready-to-wear will never fit as well as tailored; that's fine. But there's no good reason for lengths to vary so wildly.
[1] Women's clothing is different, because women's proportions have a much higher variance than men's.
> their dress shirts are very high quality and fit (me) extremely well
Yep, I'll back that up. I haven't tried any pants, but all the shirts I've bought from Bonobos fit me really well. I'm not a "slim fit" guy, so I really appreciate their shirts.
As someone who has written several extensions across all the different browsers (IE COM Interop FTW!!!) over the last few years, Chrome's dev experience is by far the best in my humble opinion.
Firefox's experience was hamstrung by having to learn XUL and a new and different set of tools and way of doing things. Their approval process and packaging scheme was surprisingly not as streamlined as I would have expected from them either. Chrome's experience is fairly standard and intuitive HTML, JS, and JSON interactions. In most cases it really shouldn't take too long for someone to port or migrate an old Firefox plugin to the new format.
I can only recommend against Awesomium. Their library has a lot of bugs which I can see past, but the way they support their product is repulsive. On average it took them 3-5 days to get back to us on a email ticket with a half-baked response that then took another 3-5 days to clarify. The founder didn't seem phased that this was a problem and had zero empathy that we had deadlines to meet and software to ship.
We ended up ripping out Awesomium from our product and replaced it with CefSharp. Now we don't get held up by Awesomiums crappy support because we can just fix our problems ourselves. We couldn't be happier. That said, it would be nice if there was commercial support for CefSharp. We have a team of full time native developers who have to deal with CEF issues that would be nice to put on somebody else's plate. Anybody know if there is such a thing?
They make no promises about support even with their Pro edition [0]:
We currently do not offer premium, priority support plans for our commercial licensees. We will announce such plans if they become available in the future.
I'm bradgessler's cofounder. We were promised support in an email. That statement about lack of support for paid customers was added after we paid them and experienced the 3-5 day turnaround times. As I recall, the tickets were mostly us reporting defects.
Awesomium is good but development is excruciatingly slow and the team seems to place no importance whatsoever on developer relations. Questions on their forum are very frequently ignored, and I've heard that the situation with email replies is similar. If you have an issue that maybe they haven't dealt with yet, they just ignore you, because perhaps it's easier to cover your ears and eyes then to address a problem that folks are having.
Awesomium team, if you're reading; guys! Get your customer relations sorted out! Answer every damn forum post! Make people love you! Many developers are using the free version of your product, but these are the same developers who will recommend that their employer buy your product. Your failures in these departments have stopped me from coming back or recommending your product to others. I can't speak for others, but I wouldn't be surprised if others feels the same way.
Disclaimer: I say all this with no knowledge of how overworked or understaffed you are, what technical problems you're currently facing, how much time you would need to spend answering questions or why the time between updates to your product is so huge.
I agree, we done f*cked up on the support side of Awesomium and most of the blame rests with me (we're understaffed, underfunded, and _extremely_ ambitious). Sorry!
For what it's worth, we have made huge progress on R&D these past 20 months and will be announcing the fully redesigned 2.0 soon. (And you can be damned sure we will be onboarding more customer support in preparation for the next product cycle)
Fair enough. If I could say one thing; make it a company policy to have every team member spend an hour on your answers forum every morning answering all the unanswered questions. Make it a point of pride that you do this. An unhappy user of your product should be a lot more painful to you than the 15 minutes of your 12 hour day that you lose keeping that customer happy. Bad customer relations is poison that will hurt your company in the long run, and probably already has for many people.
Also, be frank and honest about issues that you are aware of but don't have time to fix right now. If you don't have an answer because there's no time for it right now, tell people. They will appreciate the honesty, even if it doesn't solve their problem right now.
Thanks for this, we'll work harder to have more upfront, prompt responses in the forum. Admittedly, the biggest issue has been a complete lack of enough developers to handle support during heavy development phases.
PS. for anyone reading, if you love UI and got a C++ or C# background, we're hiring! Email me at adam@awesomium.com
Except it being for the most part a corpse, it was at one time something nice I can see; but I see (and encourage) everyone I see who uses it to move to CEFSharp or Coherent UI if they need actual support and advanced features that were previously nested in awesomium.
That being said, as a (forced) Oracle customer I have been and will continue to do everything in my power to migrate off of Oracle's eco-system. This ridiculously offensive post by their CSO is just more motivation.
I think that is a very reasonable course of action, and that is my point. Rather than complain about the no-reverse-engineering thing, you really should just move everything you can off of Oracle systems if you disagree with them on this.
I would have loved to see this a few years ago on Windows Forms/WPF apps as well. Performance was an issue as the libraries continued to expand and grow with additional interdependencies.
.NET Reflector came in handy once or twice to copy out a few library functions to avoid adding another reference dll.
Second, if you had read his latest comment or understood how a LLC functions and taxes apply, you would know that the LLC will have to pay taxes on the sale of those assets.
Third, any profit the LLC makes from investments in for-profit organizations will also be taxed.
In a previous comment I made on charities and trusts, he would be more likely to be avoiding taxes if he did create a charitable remainder trust for his kid. There's an immediate tax benefit, you get to use the yearly distribution any way you see fit, and there's no guarantee the money will ever see a charitable cause.