There are three kinds of agent which are classified by the law, the first is the universal agent. Consequently, one fundamental way in which this general lack of competence or knowledge about the basics of the oil trade manifests itself, is in the inability of the average person among the string of brokers and agents and intermediaries that operate in the trade, to craft good deals and successfully close sales deals even after several months or years in the business.
The Internal Revenue Service (IRS), the main US government agency that works for collecting taxes and manages tax law enforcements, uses the principal business code as an identification of the owner of the business and also of the category of the business.
If you run your business as a sole proprietor, you’ll report your net income on Schedule C. You’ll pay tax at whatever your personal rate is. But you’ll also pay self-employment tax of 15.3{29605dee68c1b183c971296e05b1536e8a9cef6d5d48c9b4ef1206285b877a40} on your first $106,800 of “net self-employment income” and 2.9{29605dee68c1b183c971296e05b1536e8a9cef6d5d48c9b4ef1206285b877a40} of anything above that in 2010.
The network marketing company has different entry levels a person can become an associate for $39.00 US which gives them a product but the revenue streams are limited at that entry level to have access to all income streams which in the case of this company is about 18 income streams and associates would have to invest $499.00 which through sweat equity a referral agent can achieve.
With a multiplicity of brokers and chain of agents often involved in a trade, and each party operating selfishly and undercutting and sabotaging each other in a working environment in which each party is untrusting of the other in a transaction, and is scared of being circumvented by the other; most deals which the “secondary” market sellers and their brokers and agents undertake, are automatically doomed to failure, even from the very beginning.