Is prepaid legal legit?

LegalShield is not a scam. No matter what time of day you have access to your legal team (the team is determined by which are you live in). Your lawyer will review your case and discuss your options with you. It could be as simple as reviewing a document, writing a demand letter, or making a phone call on your behalf.

How much is prepaid legal?

How Much Do Prepaid Legal Services Cost? Prepaid legal services will usually run you somewhere around $300 a year (depending on where you live). Over 10 years, that little $300 adds up to $3,000.

Is LegalZoom legit?

Is LegalZoom legit? Yes, LegalZoom is legitimate. Since launching in 2001, LegalZoom has helped more than 4 million people.

Is legal shield tax deductible?

The cost of the Legal Shield small business service is 100% tax deductible.

Is LegalShield a MLM?

LegalShield was launched more than 48 years ago to provide affordable legal services and is a pioneer in this field. It’s an MLM offering low-cost legal protection to both individuals and small businesses. The company has been in business since 1972 and has 1.7 million subscribers to date.

How much does it cost to join LegalShield?

Signing up as a LegalShield Associate The current cost of becoming an Associate is $99 plus any applicable state licensing fees. Associate sign-up fees will only be refunded if the Associate terminates their agreement within 5 days of the effective date.

Is legal shield the new prepaid legal?

Legal Shield has the same legal plans, same compensation plan and with it come the same concerns I highlighted in the conclusion of my original review of PrePaid Legal. If I didn’t know any better I’d say MidOcean were simply rebranding and distancing themselves from PrePaid legal’s forty-year history as a brand.

Is prepaid legal an MLM company?

The Sportsman’s Motor Club continued on for 11 years relying on a traditional sales model before adopting a MLM style business model and compensation plan in 1983. PrePaid Legal was born. In 1984 PrePaid Legal went public on the NASDAQ National Market System and in 1999 it was listed on the New York Stock Exchange, where it remained until 2011.

How does the prepaid legal compensation plan work?

One particular point of interest is that in the PrePaid Legal compensation plan, the company paid its members an ‘advanced commission’ on a 12 month membership subscription. If the member cancelled their subscription, PrePaid Legal associates had to pay part of the commission paid out to them back to the company.

What happened to prepaid legal’s members?

If the member cancelled their subscription, PrePaid Legal associates had to pay part of the commission paid out to them back to the company. As you can imagine these chargebacks must have been quite stressful and potentially devastating to the PrePaid Legal memberbase. Especially when we’re talking 74,000+ memberships being cancelled in 2010 alone.