Is Pre-Paid Legal Under Investigation?

A quick search for the network marketing company Pre-Paid Legal will return a lot of hits about their current investigation. But the details can be a bit murky. This article aims to clarify the charges, the results, and the consequences for current and potential Pre-Paid Legal representatives.

The Facts of Pre-Paid Legal Under Investigation

According to the New York Times, Reuters, and the ShareHolders Foundation, the company is currently under investigation by a number of New York based law firms for the recent merger with private equity firm MidOcean Partners, based in New York as well. The acquisition by MidOcean of Pre-Paid Legal went through for approximately $650 million dollars, giving each shareholder a price of $66.50 per share. The allegations are centered around this share price - some say that the shares should actually have been more, and that Pre-Paid Legal shareholders should have been given a better value.

The Big Question

The big question, for most network marketers, will be, "Should I join an opportunity under investigation?" While it does sound dubious, the bottom line is that there has not been much change in the day to day activities by current Pre-Paid Legal reps.

Pre-Paid Legal offers legal services to residents of the United States and Canada in a form much like that of a HMO. Plan holders pay a monthly fee of roughly $26, and in return, they receive assistance in the case that a legal issue arises. Examples of legal issues include property damage, moving vehicle violations, will and estate planning, and creditor trouble.

The company also offers a network marketing opportunity for those wishing to build home based businesses. Many have, and continue to be, successful with the opportunity, amidst the current investigations.

Understanding the Pre-Paid Legal Opportunity For Success

For those looking to join an opportunity like this, it's crucial to understand the basics of network marketing before joining. Oftentimes, there will be questions from prospects about the current investigation, and it's important to know how to navigate that territory.

Network marketers also need to understand how to build their downlines by generating warm leads, driving traffic to their sites, and pitching over the telephone. These, and many other, skills can be learned from those who have been in the industry and found success before. Luckily, these opportunities to learn are relatively easy to find, and oftentimes are even free. Beginning your career by learning from those who have "been around the block" so to speak could be the best way to start building a business with a company like Pre-Paid Legal.

To learn more about building a successful business with Pre-Paid Legal, check out Pre-Paid Legal Wealth.