And not only do you have to survive lawsuits, but the scrutiny of the IRS, too. Amazingly enough, in a self-audit last year the IRS determined they were $300 BILLION SHORT in tax collections — and that their biggest culprit was NOT large corporations. They’ve decided that small business owners just like you cause most of their shortages, especially sole proprietorships. That makes sole proprietorships that file a Schedule C tax return 300% more likely to get hit with an IRS audit versus those who do not!
The IRS Has A $300 Billion Per Year Tax Gap.
Is Your Business A Target?
Do You Have A Strategic Plan To Avoid Destructive Audits?
As you read our guide, you’ll discover why sole proprietorships are such huge IRS targets. That alone should scare off most business owners, yet over 67% of all U.S. businesses still operate as sole proprietorships. It makes terrible business sense… but then, these well-intentioned (yet naive) sole proprietors stubbornly cripple themselves even more by dramatically REDUCING their opportunity to utilize business credit.
About The Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. When it comes to securing cash and vendor lines of credit and avoiding costly mistakes his company is the authority. For further assistance regarding the development of business credit go to http://www.FastBusinessCredit.com or call FBC at 1-888-313-6333 or 702-977-5246.