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Everyone is concerned about the economy and they should be.  Jobs are drying up and moving overseas and there aren’t many to take their places.  It is time to start thinking about making money in another way and network marketing may be the business opportunity you have been looking for.

I know MLM has a bad name but that is mostly from people who think it is a get rich quick scheme.  You know, the ones who sit on their couch watching TV and waiting for their big business opportunity to make them rich.  It just won’t happen.  If you are serious about a business you are going to have to work it.  This includes finding good MLM leads who also want to build a business.  When you are talking to leads you want to find the ones who are serious and are willing to put in the foot work needed to make their business a success.  If the person is a dreamer, that is they want to know all about the potential money to made and they don’t care anything about how the business works, then they are probably not going to be willing to do the work.

The kind of person you want is someone who is interested in the payout, that is what keeps us motivated, but also wants to understand the nuts and bolts of the program to see if it is something for them.  At the MLM Leads Guide we offer step by step help for finding new people for your down line and then, more importantly, how to help them be successful so you are successful.  The whole key to multi-level marketing is to find a good product or service to be associated with and then find good people to bring into your organization who will bring you and themselves success.

The business form LLC is relatively a new entrant in all states. LLCs provide the personal limited liability protection to its business owners as in a corporation. Corporations are treated as a separate entity from its share holders. LLC do have an individual identity but does not conform to the structure of a Corporation. Corporations are formed by units of stocks or shares whereas the LLC has a capital structure like that of a partnership. The members of an LLC have equal rights and responsibilities under the law unless otherwise specified in the LLC operating agreement.

Corporations have two distinct structures under the state statutes. You can form a C Corp or S Corp for your business operations. Rules governing formation, operation and dissolution of corporations stipulate certain restrictions in the formation of S Corporations. Shareholders in S Corporations must be natural American citizens. An alien or another entity cannot hold shares in an S Corporation. The maximum number of shareholders in an S Corporation is limited under the law. You cannot have more than one hundred shareholders in an S Corp.

There are some differences in taxation of S Corp and C Corp. C Corp business profits are taxable at source. This means that C Corp has to file individual tax returns and pay taxes on its profits directly to the IRS and state revenue departments. After that when the C Corp profits are distributed to the shareholders as dividend they have to report the same as personal income in their returns and pay tax. S Corps profits can be reported through shareholders personal tax returns as in an LLC. In LLC Vs S Corp, the main difference is in S Corp’s profit sharing ratio. LLC can have differential profit sharing ratio but in S Corp the profits have to be distributed according to the share holding pattern.

The Federal Trade commission plans to award 1.6 million dollars to thousands of consumers who were scammed into paying money that they didn’t owe by con artists who utilized threats, harassment and lies to get them to pay up.

Back in 2003, the FTC sued three companies that were operating under the name National Check Control. They charged them with abusing and harassing consumers. This included falsely threatening criminal prosecution, collecting amounts that were not due, illegally communicating with third parties and other violations of federal laws.

Two years later the court ordered that their business be permanently halted and ordered them to pay back the consumers they had tricked The defendants, Check Investors Inc, Check Enforcement Inc, Jaredco, Inc and the companies owner Barry Sussman tried to appeal the case to the Third Circuit Court of Appeals and the Supreme Court in vain.

One day after the appeals court did not agree to consider his appeal, Sussman suspiciously removed a number of coins valued at $335,000 from a bank safe deposit box. The federal court demanded that he turn over them to the FTC to pay back the consumers. Later, a federal jury convicted him of two felony counts, one for theft of government property and one for obstruction of justice. He was sentenced to forty one months in federal prison and is serving his sentence now.

The FTC was able to retrieve 1.6 million dollars to award the conned consumers. They plan to distribute the funds to 24,916 victims who lost a hundred dollars or more as a result of the scam. The consumers will begin to receive checks this month.

The Federal Trade Commission is responsible for preventing fraudulent, unfair, and deceptive practices that might do harm to consumers. In addition, they put out information to aid a consumer in seeing, stopping, and avoiding scams.

Mallory McGuinness works for a debt collection agency. She also composes articlesabout finance and business, consumer spending and debt collection.