What is prepaid legal?
Prepaid Legal was a MLM company founded in 1983 by Harland Stonecipher (no that’s not a made up name). So the story goes, way back in 1969 Stonecipher was in a car accident.
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.
Will there be a new review of the legal shield MLM?
If anything does materialize in the form of actual changes to the Legal Shield MLM opportunity I’ll of course give the company a new complete review. Until then though you might as well just rely on my PrePaid Legal review and simply substitute ‘PrePaid Legal’ for ‘Legal Shield’. Legal Shield – New owners, new brand, same business model.
Is Legalshield on the stock market?
Pre-Paid Legal went public in 1984. Pre-Paid was first listed on the NASDAQ, then moved to the American Stock Exchange in 1986, followed by the New York Stock Exchange in 1999, where it was listed as "PPD".
Who bought prepaid legal?
MidOcean PartnersADA – Pre-Paid Legal Services, which is traded on the New York Stock Exchange under the symbol PPD, said Monday that it had agreed to be bought for about $650 million by MidOcean Partners, a private equity firm from New York.
Is LegalShield a pyramid scheme?
So, according to the law… Legal Shield is not a pyramid scheme. Your personal definition of a pyramid scheme may be different, but to call this a scam pyramid, or a scheme, would be false. Legal Shield is legit.
Is LegalShield a public company?
Harland Stonecipher. The original company, Pre-Paid Legal Services, Inc., was founded on August 8, 1972, and made its initial public offering in 1984.