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RC_LP_U_306.2 Evaluating Sole Proprietorships
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011095-WC-W
Delivery Options: N/A

Description of Product

This is a single-family/residential module.

Creating a sole proprietorship is the easiest and least costly way of starting a business. To be a sole proprietor, an individual does not have to take any formal steps; he or she simply needs to conduct business.

A sole proprietorship is an individually-owned and managed unincorporated business. The owner has absolute authority as well as unlimited, personal liability for all debts the business incurs. The owner enjoys all of the income; however, if the business is not successful, the owner will be personally responsible for the debts/losses of the business. For this reason, lenders look for income trends for sole proprietorships that are stable to increasing.

In Evaluating Sole Proprietorships , we will examine concepts related to evaluating tax returns for sole proprietorships. We begin with a look at characteristics of sole proprietorships. Next we look at documentation requirements for Fannie Mae and Freddie Mac. Toward the end of the module, we describe how to determine allowable income for sole proprietors using Schedule C.


  • Sole Proprietorship Characteristics
  • Documentation Requirements for Sole Proprietorships
  • Determine Allowable Income Using Schedule C (Form 1040)

    Seat time approximately one (1) hour.

    Copyright 2016.

    Product Category:
    Self-Study Web-Based Courses 
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.  
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

    Contact E-mail:
    RC_LP_U_306.2 Evaluating Sole Proprietorships 
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