A Deeper Understanding of Matt Badiali’s Freedom Checks
Back in the day, during the reign of President Nixon as the president of the United States, the business concept of a Masters Limited Partnership was developed. The president strongly believed that the only way the country could have complete independence would be if the country produced more energy. So he decided to attract more investors into the energy sector by creating MPLs.
So what is a Masters Limited Partnership?
The most common form of partnership is the limited partnership where investors invest a certain amount of money in a company in any sector earning the investor ownership of shares or stake in the company. With the stake, the business investor, who has now entered a limited partnership, is entitled to a percentage of the profits that the company makes on a quarterly or annual basis. The same applies to a Masters Limited Partnership with the added advantage that investors in Masters Limited Partnerships do not pay taxes on the profits they are awarded the exception of when they sell their shares. Not all companies qualify to be Masters Limited Companies. The companies here are in the energy or natural gas sector and more than 90 percent of their profits have to come from the dealing of production of energy as their core investment business. So far, there are five hundred and sixty-eight companies in the United States that have qualified to be Masters Limited Partnerships.Investors in these companies are paid with Freedom Checks.
What are freedom checks?
Freedom Checks were introduced by Bayan Hill’s Matt Badiali in the year 2016. While marketing the free checks, Matt Badiali failed to explain the concept of MLPs to the audience and made it seem like some form of government payout of billions of dollars that anyone could get hence all the controversies behind the free checks. However, the truth behind about freedom checks is that they are a form of the required cash payment that Masters Limited Partnership Companies pay their shareholders or investors on a quarterly or annual basis and are approved by the government according to the Statute 26 of the United States Code 7704 in the federal law.