Business Opportunities that you read on newspapers, magazines and those you see on TV look so easy. Those actors that you see and hear on TV make it sound so convincing that you cannot even believe that you cannot do it. Just take note, that Mail Order Business is no longer as lucrative as before. Only those guys promoting the program are making the money. To learn more about scams visit the FTC web site at http://www.ftc.gov/ftc/consumer.htm 

We cannot give you a sound advice, however, because of the vague information that you provided. SMC? There's a lot of companies using this initials. You want us to guess? You have doubts that this might be a scam -- however, you did not bother to say what that company wanted you to do.

If you give us more information about what you heard on TV, maybe we can give you a better information.

On the other hand, with regards to the business taxes, you can refer to articles at the website. http://www.powerhomebiz.com/Index/financing.htm  In the http://www.powerhomebiz.com/Index/feature.htm  you can read articles about the legal structure of a business that you will choose and how you will treat your taxes.

In the beginning you may do your own bookkeeping and recording, then hire an accountant later when your business have grown. To learn more about business taxes you can visit the IRS small business web page at http://www.powerhomebiz.com/Links/govt.htm  then click on the IRS link.

I'm sure you will find these very helpful before you part with your hard earned cash.

Regards and good luck.

About the PowerHomeBiz.com Guide: 

Nach Maravilla is the Publisher of Power Homebiz Guides. He has over thirty years experience in sales and marketing of various products, which covered as he jokingly describes, "from toothpicks to airplanes"  He also had extensive experience in International trading and he always excelled in special promotional ideas for  retail outlets. 

The opinions expressed in this column are those of the author, not of PowerHomeBiz.com. Users should not treat the Guide's response as legal, accounting, or professional advice as all answers are intended to be general in nature. Such advice can only be properly given by qualified professionals who are fully aware of a user's specific geographical areas or circumstances, such as an attorney or accountant.