Most people have no idea that when you go into business you need to start spearating and protecting your personal assets from your company assets and activities right away. The legal sharks want to slowly chip it away from you, since they ALWAYS get paid! And trust me, they are plentiful! It has been said that over 90% of all lawsuits filed in the world are filed in the United States. In fact, there is very little downside to filing a lawsuit, which is why we have so many of them. If there is one universal rule to business, it's that when you start to make money, or even look like you have more money than they do, people will do anything possible to try to take it away from you without working for it. How do they do that? They are going to use attorneys to do their dirty work in the form of lawsuits. Don't believe me? Does coffee and McDonalds ring a bell?
When most attorneys come after someone, they are paid on a "contingent basis." That means that they collect a portion of the money that you pay to either settle the lawsuit, or whatever amount is awarded to those suing you in court. Their incentive is to go after the biggest payout possible, because that is how they get their big paychecks! This means your house, your car, your stocks and bonds and your kids' college funds, or any other assets you have are fair game! |

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So fast-forward a bit as I took my entrepreneurial mindset out of "corporate America" and began getting involved in the world of MLMs, or "Network Marketing" as many people know them. I just liked the products and people that were working for their part of the American Dream. They were positive, hard working and genuinely nice. Then I came across a few opportunities where I saw the potential for real income. What I was and still am dismayed with is the lack of business education that exists for those getting involved in this new world of business entrepreneurship of network marketing. This industry, and those involved in it, must use every tool at their disposal to maximize their earnings. maximize their tax savings, and very important...to protect their family's assets from predatory lawyers.
While the life changing possibilities of the opportunities are constantly preached, there is little to no education as to how to actually run their activities as a business. Not realizing that while there are opportunities for financial gain, there are also potential opportunities to lose far more personally than they ever might make. Most people view forming a corporation as some sort of mystical experience that costs thousands of dollars. That is confusing, time consuming and intimidating. Many think that it is nothing more than window dressing. Forming a corporation creates a legal entity that is completely separate from you. Unfortunately, there is virtually NO education as to the tax benefits of operating under a corporate structure either. In fact, the IRS grants many more opportunities for corporations to deduct expenses PRE TAX, than are available to an individual. I would venture to guess that in excess of 90% of people involved with MLM companies are doing so, as individuals, costing untold millions of dollars in extra taxes paid each year. In today's market, this is a business TRAVESTY! This is the impetus for the forming of MLM Corp. Having a mass marketing and also viral way to help people do what they should be doing anyway at a low cost and high quality. With the ever changing market and the threat level of a potential lawsuit increasing on a daily basis, it's not a matter of if your business is going to be sued, it's WHEN. An interesting fact: over 90% of all lawsuits filed in the WORLD today are filed in the United States!
Don't think for one second that because you're just a "simple" network marketer or that you're "just a small guy" means you pose any less of a profile for a predatory attorney with dollar signs in their eyes and a client with an itchy trigger finger. Remember, if you are a sole proprietor, ALL of your personal assets are most likely at risk. This means your house, your car, everything that you have worked years to build could be taken away from you in the blink of an eye. Forming a corporation only when you need to is like installing a smoke detector when you see the flames! The sooner you begin operating under a corporation, the greater the likelihood that it will not be challenged as a method to defraud creditors. So let the experts of MLM Corp LLC handle all your corporate filing needs for you. After all, we're network marketers just like you. We've been there, and done that. We not only have years of experience in handling all of the corporate nonsense but we know how to make sense of it for you and best of all, our services are way more affordable than the big, slick attorney downtown who usually charges three to four times as much to do the exact same service we do. |