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can we run multi level marketing legally without any risk of crime?
18-Sep-2023 (In Startup Law)
can we run multi level marketing legally without any risk of crime?
No. ulti level marketing business is very precarious. You need to take certain precautionary steps in order to differentiate between Multi-Level Marketing and pyramid based structure. Directors of companies like Amway, Q-net have been arrested and a case of money-laundering was made upon them. We have suggested ways, via opinion, to one of our clients to avoid getting enloped in multi-level structure.
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Adv. Kanishk Agarwal
Delhi | 100+ Answers
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MLM's have been under the scanner for some time now and over the years it has been found that almost all of them get into issues at some point.
You need to register your company as a marketing company like xyz marketing p. ltd. and follow comply with all legal compliance required, but, even thereafter MLM poses a great threat of attracting legal issues and you can be arrested on the basis of any complaint.
It is highly advisable that you choose any other form of marketing to avoid such issues.
You need to register your company as a marketing company like xyz marketing p. ltd. and follow comply with all legal compliance required, but, even thereafter MLM poses a great threat of attracting legal issues and you can be arrested on the basis of any complaint.
It is highly advisable that you choose any other form of marketing to avoid such issues.
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Adv. Atit Jain
Noida | 25+ Answers
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