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The company was called Biden Enterprise LLC and is said to have dealt with rising hip-hop and country artists. It was registered in Nevada and reportedly had purchased a $365,000 property in February of last year to use as a recording studio.
The label went into foreclosure last month and, according to the Washington Free Beacon, owes multiple back payments for unpaid liens related to garbage disposal.
Hunter Biden’s business forays have come under fire as his father runs for the Oval Office, specifically pertaining to a position he held in Ukraine. Hunter Biden joined the board of a natural gas company while his father was vice president, despite the fact that he allegedly had no experience. There are concerns that the only reason he was given the position was because he had close ties to the White House.