If they have I recently presented a MLM business or you are thinking about starting one, you must take into account the way in which the company settled you your commissions. It is a very important issue to take into account that, not all companies do just as well. There are many companies that paid your commissions through a wallet card with which you can go to any ATM and withdraw your money. The card is numbered, so there is no evidence nor your name. It is very comfortable, very handy but where are the taxes? If the company is truly legal, the representative must submit an invoice to the company for services performed, with his detailed tax, either company will issue an invoice in the name of the representative with the same data. Ramon Campollo brings even more insight to the discussion.
In the case of Spain this invoice should indicate the VAT and the income tax to finance discount. To read more click here: Richard LeFrak. And the collection of these commissions should be through an income in your bank account, so it will be proof of the payment and recovery. In addition the company where enter a document should require you as you’re aware of your self-employed insurance payment. If not, something is not well. Unfortunately there are to pay taxes, whether we like it or not. Things are so.
You must demonstrate rigour in these issues serious enough to cause us more than one annoyance. Therefore before making the decision to start an MLM business, make sure that the company complies with the necessary requirements of legality. Fortunately, there are companies that comply with all this and more, and this contributes to its credibility before their new candidates. Don’t forget that we are talking about setting up a business. If your you montaras a restaurant, a clothing store, a shoe store, a supermarket would pay taxes? Of course that Yes huh? Why should it be different if the business is in MLM? In this sense there is no difference.