Self Employment and Purchase Order Financing

A recent blog article mentioned that many self employed are incorporating. From a business financing perspective, this is probably something to be considered. Many business financing companies will not offer funding to unincorporated businesses. This has to do with the fact that personal and business liabilities can easily get mixed and generally shows an unsophisticated business owner.

Now, bear in mind that incorporating (or forming an LLC) is no guarantee that you will get financing. However, most funding companies are now requiring it. As a matter of fact, all the small business factoring companies that I know demand it, especially in this economic environment. Small business factoring companies are not a lone though - most factoring companies that I know (large and small) require it.

Disclaimer: This is not to be considered legal or financial advice. I am not an attorney.

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