If you win one of these Auctions, earn one of the Rewards, win one of these Prizes or receive a Microbid Cash Advance, you’ll usually receive the option of which one you want to receive.
The Buy Back option may be subject to capital gains taxes, depending on Microbid’s reported earnings in the year it was completed, but the Equity-based Loan option is 100% tax-free as long as you agree to pay it back - which we give you insanely favorable terms for - this makes it 100% legal.
The Equity-based Loan option also allows you to treat it sort of like a credit line because you never relinquish your Membership Units/Interests (ie. shares) as long as you keep making your minimum payment.
Minimum Payments are usually $1-$5/month, but may be more depending on the Auction, Reward, Prize or Advance you received.
MICROBID LP
Microbid is incorporated as an official Limited Partnership (ie. LP), a very popular tool wealthy people use to co-invest and legally pool their money together.This allows Microbid to offer our members most of the same advantages they enjoy.
Every Member earns Membership Units/Interests, which are an LP’s version of shares, but totally untaxable until Microbid earns and reports enough revenue that your Units/Interests actually become worth more than you bought them for or traded for them.
This allows Microbid to make the microbid.com platform 100% compliant and legal with all applicable local and US-based laws. But, it also allows Members to enjoy a variety of additional benefits and services too.
For example, if you choose to do so, you can classify your Microbid Account as an Auction Sponsor, which makes your bids into "buy-ins" rather than bids, giving you direct micro-ownership in every Auction you buy into. This means you can write-off all your buy-ins if Microbid isn’t profitable enough to return you profits for your Membership Units/Interests (ie. shares).
Key Benefits of Limited Partnership:
Members who place bids are instantly eligible for 100% tax-free, Equity-based Loans, with favorable pay-back terms that are usually $1-$5/mo.Members are eligible for Equity Buy-Backs, which may be subject to capital gains taxes, but can be structured for far more favorable tax-treatment than just regular income.
Members can opt to classify their Microbid Account as an Auction Sponsor, which turns all of their bids into "buy-ins" giving them instant, fractional ownership in every Auction they bid on - which allows all of their "bids" (ie. buy-ins) to be 100% tax-deductible.
Members can classify certain expenses as "business expenses" since they are an official Limited Partner.
INSTANT LIMIT
EVERY BID COUNTS FOR SOMETHING
Every Member starts with an Instant Limit of $100 and
every bid you place/make increases your limit by +$100.
Your Instant Limit is the maximum amount you can earn, win and receive as an Instant Reward, Instant Prize or Cash Λdvance. Simple.