If a financial modeling professional works as a consultant, do they have to have their own firm?

Financial ModelingQuestion: If a financial modeling professional works as a consultant, do they have to have their own firm?

Answer: A financial modeling professional could work as a consultant with a consulting company. In such a case, you would be part of the staff of the company and would not need your own firm. On the other hand, if you are an independent financial modeling consultant, you should open atleast an S-Corporation (or its equivalent in other non U.S. countries). Basically, make sure you register yourself as a sole proprietorship company. This will also help you offset your consulting earnings with expenses related to sales, marketing and generally running the business. You can also receive money in dedicated business accounts, do your invoicing, etc. Businesses tend to take you more seriously if you have a registered firm.

Do You Want to Complete A Financial Modeling Training Course? If you are looking to learn more about completing a financial modeling training program, you should check out our self-paced financial modeling training program on the BusinessTraining.com platform, which is called the Certified Financial Modeling Specialist (CFMS).

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