Matt Badiali is a man who loves to look for deals in the natural resources industry. He earned his degree in geology from Florida Atlantic Univerity. When a wealthy friend of his asked him to help him find the best investments in natural resources he couldn’t resist. He was able to travel all over the world and combine his two great loves. They are finance and earth sciences. Now Matt Badiali has hit upon a new idea. It is called Freedom Checks and here is how they work.
While he was traveling around the world for his friend he stumbled across Freedom Checks. They were enacted by Congress in 1987 and now more than five hundred companies distribute Freedom Checks to their stockholders. The companies that issue these Freedom Checks are few in number and must meet the following criteria to issue the checks. The first thing is that the company must receive more than ninety percent of the revenue that comes in from producing, processing, storing, and transporting oil and gas. This also must be done within the United States in order to qualify. The second rule that companies must meet is that the freedom checks can only be issued to stockholders of the company. As long as these two steps are met the company can issue freedom checks totally tax-free. This way money can be invested back into the business if the shareholders desire.
Matt Badiali says this is one way for oil and gas companies to become independent. With the help of the fracking industry, Matt says that U.S. oil and gas companies are poised to make big money in the years to come. This will help American consumers save money in the long run since the majority of oil and gas will be made here instead of having to be imported.
One of the big advantages of MLP’s or Master Limited Partnership is that since the payouts are categorized as capital for the business the shareholder does not have to pay income tax on that money. If a shareholder decides to sell an MLP investment the shareholder pays only capital gains tax on it instead of income tax.
Matt Badiali says that freedom checks are the real deal for stockholders. They can help the Un=uited States oil and gas industries to stand on their own. For him, this is a goldmine of a profitable find. Related Info can be found at https://dailyreckoning.com/freedom-checks-exposed/