DonMacGregor
Sub Leader
- Joined
- May 13, 2021
- Messages
- 6,255
LLC’s only matter in so far as they are a stupidly simple and cheap way for any entity (individual or business) to circumvent the point maximums per resort and overall. As I mentioned in the last incarnation of this thread, if I set up a trust or LLC to purchase and enjoy my contracts, that’s one thing. However, if I get up tomorrow morning and by noon have created a dozen new LLC’s with a total expenditure of around $600, I can then, all by my lonesome, go out and buy me a sweet, sweet, bundle of contracts adding up to just shy of 100,000 points (or however many I want in more practical numbers). They become a convenient tool for circumventing the rules. One man becomes a dozen (or two dozen) legal entities.But just remember, the entire discussion is pretty moot, as LLC are permitted to own points. And if DVC is saying that the 8,000 limit is a suffcicient deterrent (at least to DVC) for commercial renting, and they are no longer using the 20 reservation limit, then they are doing nothing wrong.
I mean, consider how many thousands of point DVC itself owns own, and rents out. In addition to the points used for trades to the Disney Collection and breakage points. It will be interesting to see what further responses Sandi gets.
I get that under the contracts, I’m doing nothing wrong. My dear friend who has taught ethics at Notre Dame, Duke, and the Naval Academy, and is a nationally recognized ethicist might offer some differing thoughts.