Just before Donald Trump took office the first time, he held a press conference, announcing that he would turn over control of his business empire to his sons.

He said he wanted to address concerns about conflicts of interest even though he maintained he didn't really have to. Saying, "I could actually run my business. I could actually run my business and run government at the same time. I don't like the way that looks, but I would be able to do that if I wanted to."

Trump's second term may put that theory to the test. The former and future president hasn't yet announced any plan to wall himself off from his businesses while in office, and Trump's businesses like his many hotels and resorts could benefit substantially from his actions as President.

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