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Product ID: 397433EAU
 
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Bankers Guide to Sole Proprietorships

OnDemand Webinar (85 minutes)

Develop your expertise in assisting small businesses not only in securing traditional financing options but also nontraditional and new methods.

Many small business owners seek to expand but lack the necessary funding for their expansions efforts. These small business owners often do not know where to start in a search for loans, struggle to understand the tax implications, and are often confused about where to turn if they are denied a loan. Many of these business owners also lack the expertise to evaluate whether or not the offered loans are their best option and often don't know if the deal will protect them and their businesses financially. This topic helps the persons responsible assisting small business owners in identifying and securing possible loans and grants to help expand their businesses. Learn to teach your clients to tailor their business to secure traditional financing. Additionally, this information will develop your expertise in assisting small businesses not only in securing traditional financing options but also nontraditional and new methods. Develop an understanding of the challenges sole proprietors face and how you can better serve your clients in their pursuit of securing the desired financing.

Authors

Michael J. Anthony, Esq., Anthony Law Offices LLC Cia Moreno, Fore Title, LLC

Agenda

Overview of Form 1040 and Related Forms

• 1040 Overview

• Form Schedule C Overview

• Form Schedule E Overview

• Form Schedule F Overview

Understanding Basic Differences Between GAAP and Tax

• Cash-Based vs. Accrual-Based Accounting

• Treatment of Depreciation

• Which Method Is Easier for Creditors/Investors to Assess Financial Vitality

• Impairment Analysis - (GAAP) Declining Assets (i.e., Under-Occupied Buildings) Subject to Cash Flow Projection Analysis by External Auditors

Lending Challenges to Sole Proprietors

• State and Municipal Level Programs

- State Level

- Municipal Level

• Non-Traditional and New Funding Techniques

- Crowd Funding

- Peer-To-Peer Loans (P2P)

- Alternative Short Term Loans

- Kabbage