Being Your Own Boss

Should I incorporate?
If I�m self-employed, what happens to my 401k Plan?
What should I do about health insurance?
Will I need business insurance?
My current employment contract prohibits me from competing. Can I still participate?
Should I do business under my own name, or create a new business identity?
How do I cover my business expenses?
Is there a limit to the amount of expenses I can write off?
When is a good time to start?

General Questions

What is Multigent?
How much does it cost to become a Multigent Independent Associate?
How many times can I register?
Are there any limitations when building my Associate Network?
Can people outside of the U.S. participate?
Can I participate if I am under 18 years of age?
What is my title?
Can I send �Spam� emails?
Can I advertise?
What Is The Succession Plan?
Will This Compensation Plan Ever Change?
How will I know about new developments?
 

Multigent Permanent Staffing Services

 
What does Multigent Permanent Staffing Services provide?
How does the invoicing process work?
Can Multigent help determine the credit-worthiness of a new client?
What collections assistance is provided?

Multigent Interim Staffing Services

What does Multigent Temporary and Contract Services provide?
What do I need to do to get started?
How do I represent the role of TFI Resources to the candidate and to the company?
What appears on the paychecks and invoices?
What are my responsibilities after the placement is made?
What workers compensation classification will TFI Resources accept?
What benefits are available to the workers?
What about out-of-state placements?
How are the temps paid?
When do I get paid?
Can TFI Resources help determine the credit-worthiness of a new client?
What collection assistance is provided?
What if a client company does not pay an invoice?
What does TFI Resources do to earn its fee?

Being Your Own Boss

Most people dream of one day being self employed and there has never been a better time than now to make it happen! The huge resources available on the Internet make it easier than ever to build your Multigent home-based business. Recent tax changes provide the opportunity to build your own company while still maintaining all the benefits you would demand from a corporate job.

Independence, responsibility, the freedom to choose your own hours, get paid what you are worth, and earn income from others without having employees�as a Multigent Independent Associate you can work exactly the way you�ve always wanted!

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Should I incorporate?

Not necessarily, although you could certainly choose that path. If you choose not to incorporate you are a �sole proprietor�. This means your business income will be regarded as your personal income. There is no business tax to pay, but you will have to pay personal income tax on all your business income as if it were your salary. You would also pay self-employment tax, consisting of Social Security and Medicare, and are required to file "Profit or Loss from a Business" forms. On the other hand, as a corporation, your business assets will be regarded as separate from your personal assets, protecting you against certain liabilities.

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If I�m self-employed, what happens to my 401k Plan?

It gets better. The new tax codes have dramatically improved the situation for 401k contributions by the self-employed. Many investment firms now have special plans for small businesses and sole proprietorships.

Check with your accountant.

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What should I do about health insurance?

If you are unable to enroll in your spouse�s health plan or take advantage of COBRA coverage, then you can apply for your own private insurance and deduct the cost as expenses. If both you and your spouse are on a health plan already, you can write off the total cost.

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Will I need business insurance?

Professional Liability insurance (also known as Errors and Omissions) would protect your business against any claims for failure to perform. It�s certainly worth considering, especially if you intend to operate as a sole proprietor. As a sole proprietor you can deduct the cost of the insurance from your earnings.

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My current employment contract prohibits me from competing. Can I still participate?

Any restrictions will depend on the type of agreement you have signed with your employer. It also may be affected by where you live. A number of states will not enforce any restrictions on your ability to work. They may place distance restrictions within their non-compete agreements, (around 50 miles is common). An employment lawyer can advice you with regards to this subject.

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Should I do business under my own name, or create a new business identity?

It�s up to you. If you wanted to promote yourself as "Pauline Potter�s Personnel Services" for example, then you would be regarded as DBA or "Doing Business As". Some states also call this a "Fictitious Name" or an "Assumed Name". You may be required to file a permit for the name, which would prevent anyone else from using it and causing confusion, but the name has no effect on your legal status as a sole proprietor. You can file a name at your local or the offices of your Secretary of State at any time.

Note: In the day-to-day operations you refer to everyone that you are an Independent Associate of Multigent Corporation.

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How do I cover my business expenses?

Working for your self, means paying for a variety of services. Many expenses are tax-deductible. You accountant can help you file claims for each expense. Private health insurance for example, will is 100% deductible and you may also be able to claim a home office deduction. As a sole proprietor, you can even claim on some entertainment expenses and receive a 100% deduction for your Internet connection.

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Is there a limit to the amount of expenses I can write off?

You can write off up to $20,000 each year for Business Assets such as computers, office furniture, car etc. This does not include "intangible assets" however, such as office supplies and software. The deductions are limited to the point you show zero profit, but excess deductions can be carried into the following year. Again, you should consult your accountant about how much you will be able to claim.

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When is a good time to start?

Now! This is the moment to become your own boss! You can begin by identifying target clients, speaking with your accountant and building your office. Basic office configuration should include: a Computer, preferably a Laptop, loaded with Windows Office 2000 or Windows XP, a printer, a fax machine and dedicated phone line.  With all this taken care of, you will be ready to start earning substantial commissions by working for yourself!

Note: Multigent has provided this information for general purposes only. We strongly encourage you to consult with an accountant or other qualified professionals for detailed information regarding your tax, accounting and legal status.

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General Questions

What is Multigent?

Multigent, based in Newport Beach, California, is the brainchild of George Vasu and Tom Meyerhoeffer, two staffing industry veterans. Multigent is a virtual pay-for-performance staffing firm designed to help everyone in the workforce obtain a better quality of life. We provide a wide range of recruiting, career management, and staffing services. Multigent harnesses the power and reach of the Internet to optimize personal and business relationships. We provide personalized services incorporated with industry best practices, offer a business opportunity that enables each participant to earn the largest commissions in the industry and long-term recurring income in direct proportion to their performance and the performance of others.

Our service will allow jobseekers to confidentially register their career portfolios, submit their resumes and be represented by professional Multigent Independent Associates. The associate then provides the candidate with exclusive anonymous representation. Employers receive free job posting, competitive fees and instant access to the Multigent Independent Agent�s who represent the pre-screened qualified candidates to the employer�s posted opportunities.

Independent Associate�s, function as agents on behalf of both the candidates and the employers. When successful placements occur, the employer receives unsurpassed staffing services and the Multigent Independent Associates earn commissions in direct proportion to their contribution. In addition, whoever referred the candidate would also receive a referral fee. Commissions graduate to other levels of the referral network. Everyone earns commissions when the referrals within their relationship network generate revenues.

Revenues are generated from the placement fees paid by the employers for permanent and interim (consulting, contract and temporary) placements.

Multigent plans to become a leader in the $100 billion per year staffing industry by competing differently via strategic positioning to drive the "network effect" of collaboration, cross-promotion, and financial incentive. Our innovative Pay-for-Performance program (PerformPay) is a core component of the Multigent Commission Transaction Engine. It is designed to attract, retain, and financially reward every participating team member in the Multigent value chain.

Multigent users will be combining the Internet and other methods of communication as the tools to optimize their relationships. As Independent agents, they will provide excellent services, deliver best practices and just-in-time staffing services more efficiently and effectively. The network effect will create results not previously possible by reaching new segments of the population.

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How much does it cost to become a Multigent Independent Associate?

Our full-featured plan is designed to provide the most comprehensive technology and training resources available in the marketplace.

            Start-up: $250.00 one time

            Telecommunications: ~$30.00 one time

            Monthly: ~$140.00 per month

Membership for employers and candidates is free!

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How many times can I register?

Each Independent Associate can only register once. Any violation of this clause will disqualify you from participation in Multigent.

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Are there any limitations when building my Associate Network?

Multigent Independent Associate can build their associate network to a seven-team maximum depth, with unlimited width.  Commissions are paid regardless of where income is generated within your Relationship Network, and there are no quotas to meet.  Best of all, whoever referred you to Multigent, receives payment when you generate revenues; and you get paid when the Independent Associates you referred to Multigent generated revenues-- and when the Independent Associates they referred -- generate revenues, and so on and so on... Not just once, but every time those Independent Associates generate permanent or interim staffing revenues, throughout their entire careers.

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Can people outside of the U.S. participate?

Yes, please refer to the Terms and Conditions.

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Can I participate if I am under 18 years of age?

No.  You must be 18 years of age or older to participate in this program.

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What is my title?

Everyone who registers with Multigent is an "Independent Associate". If you use the title "Associate" in print, it must be preceded by the word, "Independent" since you are not a company employee.

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Can I send �Spam� emails?

"Spamming" will not be tolerated in any form. See our Anti-Spam Policy. You may not send Multigent name or URL web address in any form to people you do not know, or, who do not know you, including "opt-in" lists. Violating this policy WILL result in termination of your membership. We absolutely must protect the integrity of Multigent and our certification ratings, which prohibit spamming.

 

If you believe you have received an invitation to visit this website from someone who is violating the anti-spamming rule, please send us a copy of the email you received with the subject title, "Possible Spamming Notice." Please forward to: reportanabuse@multigent.com

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Can I advertise?

Multigent reserves the sole right to use the Company name, logo and trademarks or those of partners. Independent Associates understand and agree that they will not use the Company name, or the trade names, logos, copyrighted material, trademarks or service marks (the "Marks") of Multigent Corporation, except in materials provided by and approved by the Company. Unauthorized use or duplication of these Marks are a violation of the law and is not permitted.

Approval to use the official Multigent logo is given to Independent Associates only on business cards, letterhead, envelopes, flyers and print, radio, television or multi-media advertising (Advertising Materials). All advertising materials, whether Multigent is mentioned or not, must be approved by Multigent prior to use. Criteria for approval of these materials will include a judgment of the aesthetic quality and professionalism of the materials, as well as ensuring that they have properly set forth the Independent Consultant status.

Multigent reserves the right to reject such advertising materials for any reason at its sole discretion. Independent Consultants may not create, use, or sell any sales aids, ad specialty, novelty items or promotional materials (such as T-shirts, key chains, coffee mugs, pens or any other type items) with their membership, except those provided by Multigent.

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What Is The Succession Plan?

Upon the death or incapacity of an Independent Associate, his or her rights to commissions and position in the seven-team associate network shall pass to his or her successor in interest upon written application when Multigent Corporation is provided with all necessary documentation.

The successor Independent Associate must execute an Independent Associate Agreement and fulfill all responsibilities of the Team Member. The successor Independent Associate may be an existing Team Member as long as he or she complies with all Multigent Corporation policies and procedures.

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Will This Compensation Plan Ever Change?

It is our intention to continue this program for as long as we are in operation. At the same time, we reserve the right to modify the program as necessary. Of course, if things do change, we will notify you immediately of changes and improvements via email.

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How will I know about new developments?

All announcements and new developments will be sent via email.

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Multigent Permanent Staffing Services

What does Multigent Full Time Staffing Services provide?

Multigent Permanent Staffing Services provides comprehensive administrative services to the network of Multigent Independent Associates.

The offerings include:

• Back Office Support: Administrative services include invoicing.
• Bi-monthly Commissions Payout: Placement fees remitted to Multigent will be securely calculated, published and the earned commissions will be paid out bi-monthly (1^st and the 15^th of the month) to the team members involved in generating the permanent placement revenues once liquidity of the funds has been satisfied.

Note: Placement fees only become liquid after these two criteria have been met: 

1. The fee has been received
2. The guarantee period with the client company has expired.

You must be an active monthly subscribing member to be paid your commissions.

• Commissions Reports: You will have 24/7 access to the activity on your account through the PerformPay page in your BackOffice.
• Credit Analysis: Assistance in credit analysis of prospective client companies can also be provided.
• Collection Assistance: Courtesy and professionalism in the collection process helps foster timeliness of payments.

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How does the invoicing process work?

Multigent will first process the Placement Recap, securely calculate commissions, invoice the company, monitor collections, publish, and distribute the earned commissions to the team members involved in generating the revenues.

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Can Multigent help determine the credit-worthiness of a new client?

Yes. Multigent has several resources available for checking credit. The National Association of Credit Management, Dun & Bradstreet, TRW (Experian) and others can provide the information needed. Multigent has forms and procedures that can help you determine a prospective client company�s credit-worthiness.

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What collections assistance is provided?

Multigent provides Independent Associates with professional and courteous collection assistance of outstanding invoices. Maintaining your client/recruiter relationship while making collection calls is the primary goal. If additional collection efforts are required, Multigent will consult with you to determine the most practical course of action.

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Multigent Interim Staffing Services

What does Multigent Temporary and Contract Services provide?

Multigent Corporation has selected TFI Resources to bring the most comprehensive temporary and contract administrative services in the staffing industry.

The offerings include:

• Payroll Funding: Payroll funding on a weekly or bi-weekly basis for temporary or contract workers.
• Back Office Support: Administrative services include payroll processing, payment of applicable payroll taxes, and invoicing.
• Weekly Profit Checks: Profit is remitted to Multigent each week based on collections received during the week. Your commissions will be paid to you through PerformPay.
• Commissions Reports: You will have 24/7 access to the activity on your account through the PerformPay page in your BackOffice.
• Workers Compensation and General Liability Insurance: Insurance polices provide protection for the client companies and important coverage for the workers.
• Benefits: Comprehensive benefit programs are offered as an option to the workers, which include short and long term health insurance, life insurance, and dental discounts.
• Credit Analysis: Assistance in credit analysis of prospective client companies can also be provided.
• Collection Assistance: Courtesy and professionalism in the collection process helps ensure timeliness of payments.
• Facilitate Out-of-State Placements: Multi-state capability to serve as employer-of-record allows you to make placements in states where you are not set up to do business.

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What do I need to do to get started?

When a Placement Agent confirms the placement of a temporary or contract employee on an assignment, they simply recap the placement. A �New Employee Announcement� is sent to TFI Resources. They will contact the worker and get them set up for payroll. As part of this process, TFI Resources will review the services that will be offered, e.g., direct deposit, and make them aware of the benefits and choices available.

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How do I represent the role of TFI Resources to the candidate and to the company?

Let the contractor know we (Multigent Corporation) use TFI Resources to provide payroll administration services so you can focus on the personnel aspects of your business. For the client, offer a similar explanation and note that using TFI Resources, an administrative employer, gives workers access to better benefits and gives you the ability to allocate more of your time to recruiting, interviewing, and other personnel tasks.

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What appears on the paychecks and invoices?

Multigent Corporation and TFI Resources will appear on all paychecks and invoices. TFI Resources is noted as the �Administrative Employer� of the workers placed by you.

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What are my responsibilities after the placement is made?

TFI Resources will collect time sheets, process payroll, invoice the company, and monitor collections. You will have 24/7 access of the activity on your account through PerformPay. You should check in with your temporary placements periodically to monitor work performance and client satisfaction.

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What workers compensation classification will TFI Resources accept?

Typically 8810�Clerical/Office. This classification includes practically any type of work performed in an office setting, i.e., secretarial, engineering, technical, accounting, etc. Sometimes other classifications are acceptable, but they need to be reviewed on a case-by-case basis.

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What benefits are available to the workers?

TFI Resources offers a range of benefits and services to the workers. Typically, the worker pays the cost of benefits. Benefits available include health insurance, dental insurance, and vision discounts. Life and other types of insurance are also available, as well as credit union membership in some states. Benefits vary from state to state, so it is best to contact the TFI Resources office for more specific information.

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What about out-of-state placements?

No problem. TFI Resources is registered in most states as an employer to withhold state income taxes, provide workers� compensation insurance, pay unemployment taxes, etc. If you have the opportunity to make an out-of-state placement, please call to make sure that TFI Resources is registered in that state. If they are not, TFI Resources will look into getting set up to accommodate your activity.

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How do my contractors get paid?

Several payment options are available. Checks can be mailed or deposited directly into the employee�s bank account. FedEx delivery or other courier options are also available. Pay periods can be weekly, bi-weekly, semi-monthly, or monthly.

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When do I get paid?

The client company pays invoices directly to TFI Resources, usually within 30 days. On a bi-monthly (1^st and the 15^th of the month), all profit relating to any checks received for invoices in your account will be paid to you.

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Note: You must be an active monthly subscribing member to be paid your commissions.

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Can TFI Resources help determine the credit-worthiness of a new client?

Yes. TFI Resources has several resources available for checking credit. The National Association of Credit Management, Dun & Bradstreet, TRW (Experian) and others can be informative. TFI Resources has forms and procedures that can help you determine a prospective client company�s credit-worthiness.

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What collections assistance is provided?

TFI Resources provides Multigent with professional and courteous collection assistance of outstanding invoices. Maintaining your client relationship while making collection calls is a primary goal. If additional collection efforts are required, TFI Resources will consult with you to determine the most practical course of action.

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What if a client company does not pay an invoice?

Unless otherwise agreed to in writing, you as a Multigent Independent Associate are responsible for any non-payment by a client company. TFI Resources can help you determine the credit-worthiness of any prospective client company. Payment terms of invoices can also be modified to reduce risk. With prior approval, TFI Resources may assume the risk of non-payment.

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What does TFI Resources do to earn its fee?

TFI Resources provides payroll funding, payroll processing, and invoicing services. TFI Resources is responsible for a variety of payroll taxes�federal, state, and local. TFI Resources provides and administers workers� compensation insurance, state unemployment insurance claims, and other payroll-related items. TFI Resources offers a range of services to the employees and administer a comprehensive benefits program.

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