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Bankers Guide to Sole Proprietorships

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.

86 minutes
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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
    • PeerToPeer Loans (P2P)
    • Alternative Short Term Loans
    • Kabbage
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 7, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Michael J. Anthony, Esq.

Michael J. Anthony, Esq.

Anthony Law, LLC

  • Managing attorney at Anthony Law, LLC
  • Anthony Law focuses in the areas of general corporate law, technology and intellectual property, real estate, startups and small business, employment and business litigation
  • Professional associations and memberships include the Columbus Bar Association; Lawrence Funderburke Youth Organization, board member and legal counsel and small business advocate, editor
  • J.D. degree, cum laude, Capital University Law School; B.A. degree, in history, Cederville University
  • Can be contacted at [email protected] or https://www.anthonylawllc.com/attorney/anthony-corporate-real-estate-lawyer
No photo available

Cia Moreno

Fore Title, LLC

  • Escrow officer at Fore Title, LLC., a company that provides title abstracting and settlement services
  • 20 year career experience includes mortgage lending, nonprofit accounting and title Insurance processing
  • Special focus on relationship building and individualized training
  • New School of Architecture & Design, San Diego, California - area of study: interior design and architecture
  • Can be contacted at [email protected]
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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Additional benefits include:

  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 397433
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