THAT Insurance Service Memorandum of Understanding Regarding Referral of Clients
to the THAT Insurance Service Employee Retention Tax Credit Program
Effective immediately, or his/her legal entity, as the Referring Consultant, will receive a commission of 40% (Forty percent) of the fees paid to Michael E. Jordan Group, LLC (a State of California registered LLC) dba as, THAT Insurance Service “TIS” for every time one of your referrals signs a contract for services associated with the IRS Employee Retention Tax Credit Program. The Referral fee will be on the 15th of the month for all commissions collected by TIS from your referrals the previous month. An example would be for all commissions collected from referrals in the month of January would be paid on February 15th. An example of a 50 full time employee company that receives a $1 million tax credit the commission to TIS would be $39,000 and your referral fee would be $15,600. Likewise, the estimate for a 500 full time employee company would be a tax credit to the Company of $10 million with a fee to TIS of $390,000 and your referral fee of $156,000. These examples are estimates and the actual number may be different. This Contract will remain at 40% until you have 100 employees have been enrolled into this program. Thereafter from 101-250 employees the contract will then be 45%. Thereafter from 251 employees plus the contract will be 50% The Referring Consultant or his legal entity will be an Independent Contractor to TIS.
Consultant will be responsible for their expenses. The Referring Consultant or must Furnish TIS with a W-9 prior to being paid any compensation.