CPA

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REMEMBER: Naturally a timeshare rep is not a tax advisor, an attorney, business consultant, accountant, book-keeper or CPA, etc.

But there is nothing wrong with suggesting to new (and existing) owners that now that they are happy TS ‘campers’ they ‘might’ want to touch base with a CPA firm and consider the potential benefits of forming a basic corporation, such as a ‘C’ corporation, an ‘S’ corporation, etc., and transferring (or selling) their ‘ownership’ into that company.

There are many reasons why a timeshare owner may want to do just that because corporations traditionally have many ‘perks’ that apply to the ‘principals’ (I.E. the company) of the corporation. And when an owner forms such an entity and transfers their TS to that company, well, the CPA will surely be able to disclose why doing so may benefit the owner.

The rep should NEVER tell an owner that there are any specific tax, travel, business (expense) benefits, etc. but instead suggest that is why the owner should check into it because it seems that most corporations have a lot of advantages over individuals.

Letting each new owner know that there are still more potential benefits to being a Timeshare owner and informing them to speak with a (e.g.) CPA on these matters not only adds more credibility to the ‘product’ but also makes the new buyer more confident in their decision. And when that happens the savvy TS Pro will laugh all the way to the bank.

TODAY’S VIDEO: Bachman Turner Overdrive – Taking Care of Business (Live, 1974)