7 reasons your business could be a sole proprietorship

ADVANTAGES   

1.  Ease  of  Formation.  There  is  less  formality  and  few  legal  restrictions   associated  with  establishing  a  sole  proprietorship.  You  can  start  almost   immediately.  There  are  no  complex  forms  to  complete  or  documentation   required  between  yourself  and  another  party.  In  most  jurisdictions,  all  that  is   legally  necessary  to  operate,  as  a  sole  proprietorship  is  to  register  the  business  and   obtain  the  proper  licenses.  Licenses  can  be  required  by  various  levels  of  government.   

2.  Cost.  Registering  the  business  and  obtaining  licenses  involves  minimum  costs.   There  are  no  partnership  or  corporate  agreements  required  because  you  are  the  sole  owner.  Legal  fees  are  reduced  accordingly.   

3.  Lack  of  Complexity.  A  sole  proprietorship  is  straightforward.  Unlike  other   forms  of  business,  there  is  little  government  control  and,  accordingly,  fewer   reports  are  required  to  be  filed  with  government  agencies  and  departments.  The  owner  and  the  business  are  taxed  as  one.  

4.  Decision-Making  Process.  Decisions  are  made  exclusively  by  the  sole  owner,   who  has  complete  authority  and  freedom  to  move.  The  owner  does  not  have  to  obtain  approval  from  partners  or  shareholders  or  a  board  of  directors.   

5.  Sole  Ownership  of  Profits.  The  proprietor  does  not  have  to  share  the  profits   with  anyone.  The  profits  generated  by  the  business  belong  to  one  person.  The   sole  owner  decides  how  and  when  the  money  will  come  out  of  the  business.  

6.  Ease  of  Termination/Sale  of  Business.  Apart  from  legal  responsibilities  to   employees,  creditors  or  perhaps  clients,  you  can  sell  the  business  or  close  it  down  at  your  will.   

7.  Flexibility.  You  are  able  to  respond  quickly  to  business  needs  in  day-to-day   management  decisions  as  governed  by  various  laws  and  common  sense

 

A Business Finance Consultant is the elite of the mortgage industry. A Business Finance Consultant is thoroughly trained and certified by the nations oldest and largest loan broker training company. Most people would be surprised to find out just how little formal training the average mortgage broker / loan officer actually has received.

Business Finance Consultant training helps to ensure that the person handling your loan has access to the most current information and lending techniques available in the market. Also, unlike traditional bank loan officers, Business Finance Consultants receive substantial training on how to help borrowers whose credit is "less than perfect, as well as those with good credit".

Providing you with a superior level of customer service is equally important to a Business Finance Consultant. For this reason a Business Finance Consultant will spend all the time necessary to provide you with a custom financing solution that is right for you. Once your application is started, a Business Finance Consultant will represent you throughout the transaction so that you can focus on more important things. Business Finance Consultants also maintain contact with you throughout the loan process so that you never feel "out of touch" with your own loan.