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Updated over 2 years ago on . Most recent reply

User Stats

39
Posts
8
Votes
Dan Miles
  • Inspector
  • Fuquay Varina, NC
8
Votes |
39
Posts

Sole Proprietorship or S-corp for business funding

Dan Miles
  • Inspector
  • Fuquay Varina, NC
Posted

I have been having issues with funding for my next property and have been researching business credit. I currently hold my properties in an LLC but as a sole proprietorship. It appears that if I completely separate taxes by incorporating as a different type of entity I can get funding without the lender taking into account personal income. Have I been missing this the whole time? Is this the key to unlimited funding or am I not seeing the down side?

  • Dan Miles
  • Loading replies...