I'm a small business owner (self-employed) and won't qualify for standard bank loans most likely.

When you achieve income, you can then pay yourself from the S-Corp using the 1:2 salary / dividend split to minimize your self-employment tax liability while still showing an income to prospective lenders for personal credit.Additional LLCs are likewise are part owned by the S-Corp and your trust so tey multi-member protection.Remember to insure all of your entities and all or your holdings.Hope this helps ...

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With other words, I would have to use up my vacation time at my employer to help out anybody else, so I'm unable to do that..

Could mean you employ a team of people and even though sales are high your net income is low.

Thanks, George Yes, it's taxed as normal income not self employed income like the flippers profit is taxed.

Hi all,I had saved up about 50K for a downpayment and have approx. 75K in other investments as reserves but made the mistake of switching my employment to all self-employed last year and I was denied a loan because I can't prove current income till I file my 2016 taxes.

I've had a really good response from FB groups for neighborhoods and area employers too.

@Jonathan ThompsonAnother item to keep in mind is that all of your self employment income from all sources can be aggregated for purposes of contributing to the Solo 401k.Here is an except from an article written by Calcpa.orgWhen a self-employed individual maintains more than one trade or business, the questionarises as to whether the limit is based on the sum of earned income or loss from all trades orbusinesses under common control [as defined in IRC 414( c)) as modified by IRC 415(h)], or ifonly the trade or business maintaining the plan being tested is used.For purposes of the IRC 415limit, earned income for the self-employed individual is based on the sum of the earned incomefrom all the controlled trades or businesses, regardless of whether the related employer maintainsa qualified plan [Reg. 1.415-2(d)(6)].EXAMPLE: Andy, a sole proprietor, operates a law practice as a sole proprietorand has $100,000 of self-employment income from such practice for 2008 (prior tothe reduction for one-half of self-employment tax).