Quote:
Originally Posted by Jon Clark
If your paperwork is in order they most certainly do  |
This one statement reveals the real depth of your business and finance knowledge.
Sole proprietorship companies take advantage of every legal tax deduction to try and bury all the profits they can at tax time (staying in the red) for as long as possible.
Banks consider a proprietorship owner's income as one and the same as the company.
Good luck getting a mortgage as the owner of a sole proprietorship company that's in the red (on the books).
But you already know that right, smart guy.