Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

Is_Cash_Gifting_Actually_Legal

VIEWS: 3 PAGES: 2

									Is Cash Gifting Actually Legal

Word Count:
453

Summary:
In researching various home based business models recently, I’ve run
across something I have seen in the past but didn’t really know a lot
about-Cash Gifting. And right away you’re thinking, sounds like a
program I can get behind.


Keywords:
cash gifting, home business, home based business


Article Body:
Awesome New Business Model Or Just an Old Time Scam.

In researching various home based business models recently, I’ve run
across something I have seen in the past but didn’t really know a lot
about-Cash Gifting. And right away you’re thinking, sounds like a
program I can get behind. But be careful because getting behind is
exactly what could happen. If having a great name meant being the best
then this program might be one up.

In this program the idea is to give a gift of whatever the set amount for
your particular program and then recruit more people to do the same in a
never-ending money tornado where you will eventually be rich. At this
point, I do not call it a business, because I just don’t believe it is.
Sure the folks you are affiliated with may have a clever business tag
line, but the fact is that with these programs, there are no goods or
services changing hands. Therefore, there is no business being done.
Proponents of these programs or systems, will tell you that products in
other network marketing businesses are not useful or just aren’t
competitively priced; that they’re just a “cover” for shifting the money
around because that is the only reason anyone is working a business from
home.

As far as I can tell, the Federal Trade Commission does NOT recognize
these systems as legal business. The participants of these programs also
attempt to give the IRS the runaround as well by calling it gifting.
Because some distorted individual decided to take something good that is
given by the government and manipulate it for profit.

I can’t say that I am giving you the full inside scoop on cash gifting
programs, because I never joined one. There were too many red flags. If
I am working a home business, I don’t want trouble with the government in
any way, shape, or form. If you are doing something deemed by the
government as illegal or unethical, do you really think you have the
funds required to defend yourself against the federal government?
When researching MLM or network marketing businesses, you want to look
for something that is grounded in real products or services. Certainly
you want these things to be useful or helpful to you, as self consumption
is part of most multi level marketing programs. And you want your
product to be cost competitive with similar products in the market. You
want to have a product with real retail opportunities. This helps to
legitimize your business in the eyes of people scrutinizing it, as well
as puts money in your pocket.

Good luck in all you endeavors.

								
To top