**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

**For      the quarterly period ended September 30, 2008**

| **LEGENDS                BUSINESS GROUP, INC.**                              |
|------------------------------------------------------------------------------|
| (Name                of small business issuer in its                charter) |

| Nevada                                       |   | 33-140666                             |   | 20-4465282                         |
|----------------------------------------------|--------|---------------------------------------|--------|------------------------------------|
| (State                or Jurisdiction of     |   | Commission                File Number |   | (I.R.S.                Employer    |
| Incorporation                or organization |   |                                  |   | Identification                No.) |

**Yes      **
**x**
**  No      **
** ̈**

| Large                accelerated filer  ̈                                                                  | Accelerated                filer  ̈    |
|----------------------------------------------------------------------------------------------------------------|--------------------------------------------|
| Non-accelerated                filer  ̈                (Do not check if a smaller reporting company)  | Smaller                reporting company x |

**Yes      **
**x**
**  No      **
** ̈**

----

**LEGENDS      BUSINESS GROUP**

**FORM      10-Q**

**INDEX**

|                                                                                                                                                                                                                                         |   | **PAGE** |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|
| **PART                I: FINANCIAL INFORMATION**                                                                                                                                                                                                  |   | 1        |
|                                                                                                                                                                                                                                              |   |     |
| Item                1.  Financial Statements.                                                                                                                                                                                           |   | 1        |
|                                                                                                                                                                                                                                              |   |     |
| Balance                  Sheets as of September 30, 2008                  (unaudited) and December 31, 2007                  (audited)                                                                                                            |   | 1        |
|                                                                                                                                                                                                                                              |   |     |
| Statements                of Operations and Comprehensive Income for the three and nine months                ended                September 30, 2008 and 2007 and For the Period March 2, 2006 (Inception)                to September 30, 2008. |   | 2        |
|                                                                                                                                                                                                                                              |   |     |
| Statements                of Cash Flows for the nine months ended September 30, 2008 and 2007                and                For the Period March 2, 2006 (Inception) to September 30,                2008.                                    |   | 3        |
|                                                                                                                                                                                                                                              |   |     |
| Notes                to Financial Statements.                                                                                                                                                                                                     |   | 4        |
|                                                                                                                                                                                                                                              |   |     |
| Item                2.  Management's Discussion and Analysis of Financial Condition                and Results of Operations.                                                                                                           |   | 11       |
|                                                                                                                                                                                                                                              |   |     |
| Item                3.  Quantitative and Qualitative Disclosures About Market                Risk.                                                                                                                                      |   | 15       |
|                                                                                                                                                                                                                                              |   |     |
| Item                4.  Controls and Procedures.                                                                                                                                                                                        |   | 15       |
|                                                                                                                                                                                                                                              |   |     |
| **PART                II:  OTHER INFORMATION**                                                                                                                                                                                          |   |  16 |
|                                                                                                                                                                                                                                              |   |     |
| Item                1.  Legal Proceedings.                                                                                                                                                                                              |   | 16       |
|                                                                                                                                                                                                                                              |   |     |
| Item                2.  Unregistered Sales of Equity Securities and Use of                Proceeds.                                                                                                                                     |   | 16       |
|                                                                                                                                                                                                                                              |   |     |
| Item                3.  Defaults Upon Senior Securities.                                                                                                                                                                                |   | 16       |
|                                                                                                                                                                                                                                              |   |     |
| Item                4.  Submission of Matters to a Vote of Security                Holders.                                                                                                                                             |   | 16       |
|                                                                                                                                                                                                                                              |   |     |
| Item                5.  Other Information.                                                                                                                                                                                              |   | 17       |
|                                                                                                                                                                                                                                              |   |     |
| Item                6.  Exhibits.                                                                                                                                                                                                       |   | 17       |
|                                                                                                                                                                                                                                              |   |     |
| **SIGNATURES**                                                                                                                                                                                                                                    |   | 18       |

----

**PART      I - FINANCIAL INFORMATION**

**ITEM      1*.* **

**LEGENDS      BUSINESS GROUP, INC.**

**(A      Development Stage Company)**

**BALANCE      SHEET**

|                                                                                                                                                     |   | **September 30, ** |       | **December 31,** |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|-----------------------|--------|
|                                                                                                                                                     |   | **2008**                     |       | **2007**              |   |
|                                                                                                                                                               |   | **(Unaudited)**              |       | **(Audited)**         |   |
| **ASSETS**                                                                                                                                                         |   |                         |       |                  |   |
| Current                assets:                                                                                                                                     |   |                         |       |                  |   |
| Cash                                                                                                                                                               |   | $                            | 137,111    |                  | $      | 4,651 |   |
| Accounts                receivable                                                                                                                                 |   |                         | 747,662    |                  |   | - |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Total                current assets                                                                                                                                |   |                         | 884,773    |                  |   | 4,651 |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Equipment,                net of accumulated depreciation                                                                                                          |   |                         | 3,604      |                  |   | 5,665 |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Total                assets                                                                                                                                        |   | $                            | 888,377    |                  | $      | 10,316 |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY**                                                                                                            |   |                         |       |                  |   |   |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Current                liabilities:                                                                                                                                |   |                         |       |                  |   |   |   |
| Accounts                Payable                                                                                                                                    |   | $                            | 51,196     |                  | $      | - |   |
| Loan                from shareholder                                                                                                                               |   |                         | 2,671      |                  |   | 2,671 |   |
| Customer                deposit                                                                                                                                    |   |                         | 25,000     |                  |   | - |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Total                current liabilities                                                                                                                           |   |                         | 78,867     |                  |   | 2,671 |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Long                term liabilities:                                                                                                                              |   |                         |       |                  |   |   |   |
| Line                of credit shareholder                                                                                                                          |   |                         | 158,654    |                  |   | - |   |
| Accrued                interest                                                                                                                                    |   |                         | 625        |                  |   | - |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Total                long term liabilities                                                                                                                         |   |                         | 159,279    |                  |   | - |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Stockholders'                equity:                                                                                                                               |   |                         |       |                  |   |   |   |
| Preferred                stock, $.0001 par value, authorized 100,000 shares; 45,000 issued                and                outstanding as of September, 2008     |   |                         | 5          |                  |   | - |   |
| Common                stock, $.001 par value, authorized 500,000,000 shares; 32,615,000                issued                and outstanding as of September, 2008 |   |                         | 32,615     |                  |   | 77,615 |   |
| Additional                paid-in capital                                                                                                                          |   |                         | 7,728,880  |                  |   | 7,683,885 |   |
| Accumulated                deficit during development stage                                                                                                        |   |                         | (7,111,269 | )                     |   | (7,753,855 | ) |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Total                stockholders' equity                                                                                                                          |   |                         | 650,231    |                  |   | 7,645 |   |
|                                                                                                                                                               |   |                         |       |                  |   |   |   |
| Total                liabilities and stockholders' equity                                                                                                          |   | $                            | 888,377    |                  | $      | 10,316 |   |

----

**LEGENDS      BUSINESS GROUP, INC.**

**(A      Development Stage Company)**

**STATEMENT      OF OPERATIONS**

**(Unaudited)**

|                                                                                              |   |                             |       |                            |   |                    |   |     |       | **For the Period** |   |
|-------------------------------------------------------------------------------------------------------------|--------|----------------------------------|------------|---------------------------------|--------|-------------------------|--------|----------|------------|------------------------------|--------|
|                                                                                                        |   |                             |       |                            |   |                    |   |     |       | **March 2, 2006**  |   |
|                                                                                                        |   | **Three Months Ended** |       | **Nine Months Ended** |   | **(Inception) to** |   |
|                                                                                                        |   | **September, 30**           |       | **September, 30**          |   | **September 30,**  |   |
|                                                                                                        |   | **2008**                         |       | **2007**                        |   | **2008**                |   | **2007** |       | **2008**                     |   |
|                                                                                                        |   |                             |       |                            |   |                    |   |     |       |                         |   |
| Revenues:                                                                                                   |   |                             |       |                            |   |                    |   |     |       |                         |   |
| Consulting                and brokerage fees                                                                |   | $                                | 1,670,568  |                            | $      | -                       |   | $        | 1,945,968  |                         | $      | - |   | $ | 1,945,968 |   |
| Agent                agreement fees                                                                         |   |                             | 26,414     |                            |   | -                       |   |     | 33,949     |                         |   | - |   |   | 33,949 |   |
| Revenue                from related party                                                                   |   |                             | -          |                            |   | 6,000                   |   |     | 8,000      |                         |   | 18,000 |   |   | 48,000 |   |
|                                                                                                        |   |                             | 1,696,982  |                            |   | 6,000                   |   |     | 1,987,917  |                         |   | 18,000 |   |   | 2,027,917 |   |
|                                                                                                        |   |                             |       |                            |   |                    |   |     |       |                         |   |   |   |   |   |   |
| Cost                of services:                                                                            |   |                             |       |                            |   |                    |   |     |       |                         |   |   |   |   |   |   |
| Client                marketing                                                                             |   |                             | 945,464    |                            |   | -                       |   |     | 1,095,878  |                         |   | - |   |   | 1,095,878 |   |
| Leased                employees                                                                             |   |                             | 89,058     |                            |   | -                       |   |     | 89,058     |                         |   | - |   |   | 89,058 |   |
|                                                                                                        |   |                             | 1,034,522  |                            |   | -                       |   |     | 1,184,936  |                         |   | - |   |   | 1,184,936 |   |
|                                                                                                        |   |                             |       |                            |   |                    |   |     |       |                         |   |   |   |   |   |   |
| Gross                Profit                                                                                 |   |                             | 662,460    |                            |   | 6,000                   |   |     | 802,981    |                         |   | 18,000 |   |   | 842,981 |   |
|                                                                                                        |   |                             |       |                            |   |                    |   |     |       |                         |   |   |   |   |   |   |
| Expenses:                                                                                                   |   |                             |       |                            |   |                    |   |     |       |                         |   |   |   |   |   |   |
| General                and administrative                                                                   |   |                             | 117,789    |                            |   | 4,239                   |   |     | 158,334    |                         |   | 18,758 |   |   | 7,937,380 |   |
| Subcontractor                                                                                               |   |                             | -          |                            |   | -                       |   |     | -          |                         |   | - |   |   | 3,000 |   |
| Depreciation                                                                                                |   |                             | 687        |                            |   | 687                     |   |     | 2,061      |                         |   | 2,061 |   |   | 6,870 |   |
| Consulting                fee - officer                                                                     |   |                             | -          |                            |   | -                       |   |     | -          |                         |   | - |   |   | 7,000 |   |
|                                                                                                   |   |                             |            |                            |   |                         |   |     |            |                         |   |  |   |   |  |   |
| Total                expenses                                                                               |   |                             | 118,476    |                            |   | 4,926                   |   |     | 160,395    |                         |   | 20,819 |   |   | 7,954,250 |   |
|                                                                                                        |   |                             |       |                            |   |                    |   |     |       |                         |   |   |   |   |   |   |
| Net                income(loss)                                                                             |   | $                                | 543,984    |                            | $      | 1,074                   |   | $        | 642,586    |                         | $      | (2,819 | ) | $ | (7,111,269 | ) |
|                                                                                                        |   |                             |       |                            |   |                    |   |     |       |                         |   |   |   |   |   |   |
| Weighted                average number of common shares outstanding, basic and fully                diluted |   |                             | 32,615,000 |                            |   | 77,615,000              |   |     | 32,615,000 |                         |   | 77,615,000 |   |   | 30,506,374 |   |
|                                                                                                        |   |                             |       |                            |   |                    |   |     |       |                         |   |   |   |   |   |   |
| Net                income(loss) per weighted share basic and fully diluted                                  |   | $                                | 0.02       |                            | $      | 0.00                    |   | $        | 0.02       |                         | $      | (0.00 | ) | $ | (0.23 | ) |

----

**LEGENDS      BUSINESS GROUP, INC.**

**(A      Development Stage Company)**

**STATEMENT      OF CASH FLOWS**

**(Unaudited)**

|                                                                                                                                                                                      |   |                            |      |                            |   | **For the Period**  |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|-----------|---------------------------------|--------|-------------------------------|---------|
|                                                                                                                                                                                      |   |                            |      |                            |   | **March 2, 2006**   |    |
|                                                                                                                                                                                      |   | **Nine Months Ended** |      | **Nine Months Ended** |   | **(Inception) to ** |    |
|                                                                                                                                                                                      |   | **September 30,**          |      | **September 30,**          |   | **September 30,**        |    |
|                                                                                                                                                                                                |   | **2008**                        |      | **2007**                        |   | **2008**                      |    |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |
| **CASH                FLOWS FROM OPERATIONS**                                                                                                                                                       |   |                            |      |                            |   |                          |    |
| Net                loss                                                                                                                                                                             |   | $                               | 642,586   |                            | $      | (2,819                        | )  | $ | (7,111,269 | ) |
| Adjustments                to reconcile net loss to net cash used for operating                activities:                                                                                          |   |                            |      |                            |   |                          |    |   |   |   |
| Accounts                receivable                                                                                                                                                                  |   |                            | (747,662  | )                               |   | -                             |    |   | (747,662 | ) |
| Customer                deposit                                                                                                                                                                     |   |                            | 25,000    |                            |   | -                             |    |   | 25,000 |   |
| Depreciation                                                                                                                                                                                        |   |                            | 2,061     |                            |   | 2,061                         |    |   | 6,870 |   |
| Accounts                payable                                                                                                                                                                     |   |                            | 51,196    |                            |   | -                             |    |   | 51,196 |   |
| Accrued                interest                                                                                                                                                                     |   |                            | 625       |                            |   | -                             |    |   | 625 |   |
| Stock                based compensation                                                                                                                                                             |   |                            | -         |                            |   | -                             |    |   | 7,750,000 |   |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| **NET                CASH USED FOR OPERATING ACTIVITIES**                                                                                                                                           |   |                            | (26,194   | )                               |   | (758                          | )       |   | (25,240 | ) |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| **CASH                FLOWS FROM INVESTING ACTIVITIES**                                                                                                                                             |   |                            |      |                            |   |                          |    |   |   |   |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| Purchase                of equipment                                                                                                                                                                |   |                            | -         |                            |   | -                             |    |   | (10,474 | ) |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| **NET                CASH USED IN INVESTING ACTIVITIES**                                                                                                                                            |   |                            | -         |                            |   | -                             |    |   | (10,474 | ) |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES**                                                                                                                                             |   |                            |      |                            |   |                          |    |   |   |   |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| Issuance                of common stock                                                                                                                                                             |   |                            | -         |                            |   | -                             |    |   | 11,500 |   |
| Proceeds                from notes payable-Line of credit                                                                                                                                           |   |                            | 158,654   |                            |   | -                             |    |   | 158,654 |   |
| Proceeds                from shareholder loan                                                                                                                                                       |   |                            | -         |                            |   | 1,671                         |    |   | 2,671 |   |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| **NET                CASH PROVIDED BY FINANCING ACTIVITIES**                                                                                                                                        |   |                            | 158,654   |                            |   | 1,671                         |    |   | 172,825 |   |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| Net                increase in cash                                                                                                                                                                 |   |                            | 132,460   |                            |   | 913                           |    |   | 137,111 |   |
| Cash,                beginning of period                                                                                                                                                            |   |                            | 4,651     |                            |   | 1,372                         |    |   | - |   |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| Cash,                end of period                                                                                                                                                                  |   | $                               | 137,111   |                            | $      | 2,285                         |    | $ | 137,111 |   |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| **SUPPLEMENTAL                DISCLOSURES OF NON-CASH INVESTING AND FINANCING                ACTIVITIES:**                                                                                          |   |                            |      |                            |   |                          |    |   |   |   |
|                                                                                                                                                                                                |   |                            |      |                            |   |                          |    |   |   |   |
| Issuance                of 32,500,000 shares of common stock for consulting                services                                                                                                 |   | $                               | 3,250,000 |                            | $      | 3,250,000                     |    | $ | 3,250,000 |   |
| Issuance                of 45,000,000 shares of common stock for compensation to founding                shareholder(commons shares exchanged for 45,000 shares of preferred                shares) |   | $                               | 4,500,000 |                            | $      | 4,500,000                     |    | $ | 4,500,000 |   |

----

**LEGENDS      BUSINESS GROUP, INC.**

**(A      DEVELOPMENTAL STAGE COMPANY)**

**NOTES      TO THE FINANCIAL STATEMENTS**

**FOR      THE NINE MONTHS ENDED SEPTEMBER 30, 2008**

**Note      1 – Organization and summary of significant accounting principles**

*Accounting      and Reporting by Development Stage Enterprises *

----

|                                   | **Years**                 |
|----------------------------------------|---------------------------|
|                                   |                      |
| Furniture                and equipment | 3–                5 |
|                                   |                      |
| Computer                hardware       | 3                         |
|                                   |                      |
| Vehicles                               | 5                         |

*Earnings      Per Share*

*Accounting      for Income Taxes*

----

|  | a) | Permits                fair value remeasurement for any hybrid financial instrument that                contains                an embedded derivative that otherwise would require                bifurcation. |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b) | Clarifies                which interest-only strips and principal-only strips are not subject                to                the requirements of Statement 133. |
|--|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c) | Establishes                a requirement to evaluate interests in securitized financial assets                to                identify interests that are freestanding derivatives or that are                hybrid                financial instruments that contain an embedded derivative requiring                bifurcation. |
|--|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | d) | Clarifies                that concentrations of’ credit risk in the form of subordination are not                embedded derivatives. |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------------|

|  | e) | Amends                Statement 140 to eliminate the prohibition on a qualifying special-purpose                entity from holding a derivative financial instrument that pertains                to a                beneficial interest other than another derivative financial                instrument. |
|--|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*,      *

----

|  | a) | Requires                an entity to recognize a servicing asset or servicing liability each                time                it undertakes an obligation to service a financial asset by entering                into                a servicing contract in certain                situations. |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b) | Requires                  all separately recognized servicing assets and servicing liabilities                  to be                  initially measured at fair value, if                  practicable. |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c) | Permits                an entity to choose either the amortization method or the fair value                measurement method for each class of separately recognized servicing                assets and servicing liabilities. |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | d) | At                its initial adoption, permits a one-time reclassification of                available-for-sale securities to trading securities by entities with                recognized servicing rights, without calling into question the treatment                of other available-for-sale securities under Statement 115, provided                that                the available-for-sale securities are identified in some manner as                offsetting the entity’s exposure to changes in fair value of servicing                assets or servicing liabilities that a servicer elects to subsequently                measure at fair value. |
|--|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | e) | Requires                separate presentation of servicing assets and servicing liabilities                subsequently measured at fair value in the statement of financial                position                and additional disclosures for all separately recognized servicing                assets                and servicing liabilities. |
|--|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Note      2 – Going concern**

**Note      3 – Furniture and Equipment**

| Computers                                    |   | $      | 3,000  |   |
|----------------------------------------------|--------|--------|--------|--------|
| Software                                     |   |   | 7,474  |   |
|                                         |   |   | 10,474 |   |
| Less                accumulated depreciation |   |   | 6,870  |   |
| Total                                        |   | $      | 3,604  |   |

**Note      4 – Income taxes**

| Income                    tax provision at the federal statutory rate |   |   | 34  | % |
|-----------------------------------------------------------------------|--------|--------|-----|---|
| Effect                of operating losses                             |   |   | -34 | % |
|                                                                  |   |   | 0   | % |

----

|                              |   | For the nine months ended |       |
|---------------------------------------------|--------|-----------------------------------------------|------------|
|                                        |   | September 30,                            |       |
|                                        |   | 2008                                          |       |
| Gross                deferred tax asset     |   | $                                             | 3,000,000  |   |
| Gross                deferred tax liability |   |                                          | -          |   |
| Valuation                allowance          |   |                                          | (3,000,000 | ) |
|                                        |   |                                          |       |   |
| Net                deferred tax asset       |   | $                                             | -          |   |

**Note      5 – Stockholders’ equity**

**Note      6 – Warrants and options**

**Note      7 – Related party transactions**

----

**Note      8 – Commitments and contingent liabilities**

**Note      9 – Agent agreement**

** **

** **

**Note      10 – Consultant and Broker Agreements**

**Note      11 – Revolving Line of Credit**

** **
** **

**Note      12 **
**      Employee Leasing**

**Note      13 **
**Subsequent      Events**

----

| ***ITEM              2.*** | MANAGEMENT'S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                OPERATIONS. |
|----------------------------|----------------------------------------------------------------------------------------------------------------------|

**FORWARD-LOOKING      STATEMENTS**

|  | **•** | our                ability to successfully compete in the professional services                industry; |
|--|-------------|----------------------------------------------------------------------------------------------------------|

|  | **•** | difficulties                developing a new line of business in the professional services                industry; |
|--|-------------|---------------------------------------------------------------------------------------------------------------------|

|  | **•** | failure                to identify, develop or profitably manage additional                businesses; |
|--|-------------|--------------------------------------------------------------------------------------------------------|

|  | **•** | failure                to obtain new customers or retain existing                customers; |
|--|-------------|---------------------------------------------------------------------------------------------|

|  | **•** | inability                to efficiently manage our                operations; |
|--|-------------|-------------------------------------------------------------------------------|

|  | **•** | inability                to achieve future operating                results; |
|--|-------------|------------------------------------------------------------------------------|

|  | **•** | inability                to obtain capital for future                growth; |
|--|-------------|------------------------------------------------------------------------------|

|  | **•** | loss                of key executives; and |
|--|-------------|--------------------------------------------|

|  | **•** | general                economic and business conditions. |
|--|-------------|----------------------------------------------------------|

***Our      ability to continue as a going concern is in doubt.***

----

***Mr.      Powalisz, our Chairman, CEO and President is the majority shareholder of LGBS      stock.***

***Because      our common stock is deemed a low-priced “Penny” stock, an investment in our      common stock should be considered high risk and subject to marketability      restrictions. These marketability restrictions may prevent you from liquidating      your stock, thus causing a loss of your investment.***

|  | **•** | Deliver                to the customer, and obtain a written receipt for, a disclosure                document; |
|--|-------------|-----------------------------------------------------------------------------------------------------------------|

|  | **•** | Disclose                certain price information about the                stock; |
|--|-------------|-----------------------------------------------------------------------------------|

|  | **•** | Disclose                the amount of compensation received by the broker-dealer or any associated                person of the broker-dealer; |
|--|-------------|------------------------------------------------------------------------------------------------------------------------------------------------|

|  | **•** | Send                monthly statements to customers with market and price information                about                the penny stock; and |
|--|-------------|------------------------------------------------------------------------------------------------------------------------------------------------|

|  | **•** | In                some circumstances, approve the purchaser’s account under certain                standards and deliver written statements to the customer with information                specified in the rules. |
|--|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**BUSINESS**

**Item      2.**
**      Managements Discussion and Analysis of Financial Condition and Results of      Operations.**

----

**RECENT      DEVELOPMENTS**

----

**LIQUIDITY      AND CAPITAL RESOURCES**

----

**RESULTS      OF OPERATIONS**

**OFF-BALANCE      SHEET ARRANGEMENTS**

| ***ITEM              3.*** | QUANTITATIVE                AND QUALITATIVE DISCLOSURES ABOUT MARKET                RISK |
|----------------------------|------------------------------------------------------------------------------------------|

| ***ITEM              4.*** | CONTROLS                AND PROCEDURES |
|----------------------------|----------------------------------------|

**Management's      Report on Internal Control over Financial Reporting**

|  | **•** | Pertain                    to the maintenance of records that in reasonable detail accurately                    and                    fairly reflect the transactions and dispositions of the Company's                    assets; |
|--|-------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | **•** | Provide                    reasonable assurance that transactions are recorded as necessary                    to permit                    preparation of the financial statements in accordance with generally                    accepted accounting principles, and that receipts and expenditures                    are                    being made only in accordance with authorizations of management                    and the                    Board of Directors; and |
|--|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | **•** | Provide                    reasonable assurance regarding prevention or timely detection                    of                    unauthorized acquisition, use, or disposition of the Company's                    assets that                    could have a material effect on the financial                    statements. |
|--|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**PART      II - OTHER INFORMATION**

| **ITEM              1.** | LEGAL                PROCEEDINGS  |
|--------------------------|----------------------------------------|

| **ITEM              1A.** | RISK                FACTORS |
|---------------------------|-----------------------------|

| **ITEM              2.** | UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. |
|--------------------------|-----------------------------------------------------------------------------|

| **ITEM              3.** | DEFAULTS                UPON SENIOR SECURITIES. |
|--------------------------|-------------------------------------------------|

| **ITEM              4.** | SUBMISSION                OF MATTERS TO A VOTE OF SECURITY HOLDERS*.* |
|--------------------------|-----------------------------------------------------------------------|

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| **ITEM              5.** | OTHER                INFORMATION. |
|--------------------------|-----------------------------------|

| **ITEM              6.** | EXHIBITS. |
|--------------------------|-----------|

**EXHIBITS      SCHEDULES**

|  | (a) | Exhibits |
|--|-----|----------|

|                  |   |                                                                  |   |                  |   | **Incorporated                by Reference** |   |
|-----------------------|--------|-----------------------------------------------------------------------|--------|-----------------------|--------|----------------------------------------------|--------|
| **Exhibit****Number** |   | **Exhibit****Description**                                            |   | **Filed****Herewith** |   | **Form**                                     |   | **Period****Ending** |   | **Exhibit****Number** |   | **Date                Filed** |   |
|                  |   |                                                                  |   |                  |   |                                         |   |   |   |   |   |   |   |
| 3(i)*                 |   | Articles                of Incorporation dated March 3, 2006          |   |                  |   | SB                2/A                        |   |   |   | 3(i) |   | 6/25/2007 |   |
|                  |   |                                                                  |   |                  |   |                                         |   |   |   |   |   |   |   |
| 3(ii)*                |   | Bylaws                                                                |   |                  |   | SB                2/A                        |   |   |   | 3(ii) |   | 6/25/2007 |   |
|                  |   |                                                                  |   |                  |   |                                         |   |   |   |   |   |   |   |
| 3(i)*                 |   | Amendment                to Articles of Incorporation dated 7/18/2008 |   |                  |   | 8K                                           |   |   |   | 3(i) |   | 7/18/2008 |   |
|                  |   |                                                                  |   |                  |   |                                         |   |   |   |   |   |   |   |
| 4*                    |   | Specimen                Stock Certificate                             |   |                  |   | SB                2/A                        |   |   |   | 4 |   | 6/25/2007 |   |
|                  |   |                                                                  |   |                  |   |                                         |   |   |   |   |   |   |   |
| 10*                   |   | Consulting                Agreement Contract                          |   |                  |   | SB                2/A                        |   |   |   | 10 |   | 6/25/2007 |   |
|                  |   |                                                                  |   |                  |   |                                         |   |   |   |   |   |   |   |
| 10*                   |   | Non-Exclusive                Agent Agreement                          |   |                  |   | W/10QSB                                      |   | 9/30/2007 |   | 10(i) |   | 11/13/2007 |   |

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| 10* |   | Employment                Agreement |   |   |   | 8K |   |   |   | 10 |   | 5/20/2008 |   |
|-----|--------|-------------------------------------|--------|--------|--------|----|--------|--------|--------|----|--------|-----------|--------|

| 31     |   | Certification                of Larry Powalisz Pursuant to Section 302 of Sarbanes Oxley                Act |   | X      |   |   |   |   |   | 31     |   | 3/26/2008 |   |
|--------|--------|-------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-----------|--------|
|   |   |                                                                                                        |   |   |   |   |   |   |   |   |   |      |   |
| 32     |   | Certification                of Larry Powalisz Pursuant to Section 906 of Sarbanes Oxley                Act |   | X      |   |   |   |   |   | 32     |   | 3/26/2008 |   |

| **LEGENDS                BUSINESS GROUP, INC.****REGISTRANT** |
|---------------------------------------------------------------|
|                                                          |
| By:                /s/Larry Powalisz                          |
| Larry                Powalisz                                 |
| Chief                Executive Officer and                    |
| Principal                Accounting Officer                   |

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