Just got a bit more detail form a friend who is a real estate loan officer/processor.
"2 years. If a corporation they need 2 years of personal tax returns and corporate tax returns." On Thu, Jan 21, 2010 at 3:34 PM, Scott Olmsted <[email protected]> wrote: > Neal, > > Even better, you can say you are the owner of a company. Hire one of us for > a small job, then if asked if you have employees, say "No, I use > contractors". Save your money and buy your wheels, don't waste money on > interest. Rent from individuals who get to size you up personally as well as > financially, and show them you have money in the bank, that's the top factor > my landlord friend uses. Having a good credit rating means a lot too. When > you meet the decision-maker face to face, ask "What do you need to be > convinced that I'll be a good [renter, borrower, whatever]? If they ask for > a cosigner, say "I'm past that, I want to [rent, borrow, whatever] on my own > record. And if they won't deal, say "Okay, but someone is going to see that > I'm a good risk and do business with me" and walk. They may not let you get > to the door. If they do, then, as my friend would say, f*** 'em, there's > always someone else to ask. > > Scott > > P.S. Check out LLC's. Less paperwork than corps. Same $800/yr to the state. > Simple taxes with TurboTax for Business. > > > At 03:07 PM 1/21/2010, you wrote: > > hi all, > > hope nobody minds me drudging up an old thread. i have a question i > hope someone with experience can field. > > when i was self-employed in the past as a sole proprietor, i found > that being "self employed" was a tremendous pain in the ass for... > getting an apartment, getting a car loan, etc. even though i was > making pretty good money, i needed cosigners for those things, which i > thought was ridiculous. > > if i am the sole owner and sole employee of an s-corp, am i still > legally "self-employed"? specifically, would i be able to honestly > represent myself to a bank or a landlord as being employed by a > company (i.e. mine)? > > any thoughts would be appreciated! > > -neal > > On Tue, Jul 7, 2009 at 11:53 AM, Allan <[email protected]> wrote: > > > > The SDSIC has a series of presentations/meetings on starting/forming > > and funding companies: > > > > http://www.sdsic.org/events.aspx > > > > Two this week; one specifically addresses the issue of incorporation. > > > > --Allan > > --~--~---------~--~----~------------~-------~--~----~ > > SD Ruby mailing list > > [email protected] > > http://groups.google.com/group/sdruby > > -~----------~----~----~----~------~----~------~--~--- > > > > > > -- > SD Ruby mailing list > [email protected] > http://groups.google.com/group/sdruby > > -- > SD Ruby mailing list > [email protected] > http://groups.google.com/group/sdruby > -- SD Ruby mailing list [email protected] http://groups.google.com/group/sdruby
