[HonestPerson]

Regarding client stealing, never thought of it that way. I am the only one making contact with the merchant and the merchant has little to no connection to the company itself. The relationship is strictly with the merchant and agent.

I can definitely see how it would be considered stealing clients if I were to start independent since the company provided the leads. That would be something to weigh against saving my clients alot of money.

[rick_clsfunding]

Regarding client stealing, never thought of it that way. I am the only one making contact with the merchant and the merchant has little to no connection to the company itself. The relationship is strictly with the merchant and agent.

Makes no difference at all from a legal standpoint as you are operating under the scope of your employment and thus all of your activity therein belongs to the company.

[HonestPerson]

I am aware now that the company owns the file. Now lets say i abolish the file and contact the clients separately and make him aware that I am now independent. The merchant then agrees to send his file over to me. Would that be acceptable from a legal standpoint?

[rick_clsfunding]

...and by the way, I'm only responding directly to your question and my answers should not be construed as an endorsement of this type of behavior.

[John Galt]

I am aware now that the company owns the file. Now lets say i abolish the file and contact the clients separately and make him aware that I am now independent. The merchant then agrees to send his file over to me. Would that be acceptable from a legal standpoint?

Company doesn't always own the file Is there a non-compete or a non piracy? Would a Judge (if you got sued) consider it tortious interference? Yes, you're being underpaid terribly. As ISOs we get from average 6-15% plus renewals and cross selling ability for other products. If you're closing that much and cold calling to get them, you are very valuable to yourself or any good hiring manager for a direct funder or an ISO. There are so many other products out there than just the "MCA" only, that benefit and help you keep the client longer. So many ways to assist these businesses and keep them as a book of business in a very competitive market. PM me.

[TRUMPcard]

Regarding client stealing, never thought of it that way. I am the only one making contact with the merchant and the merchant has little to no connection to the company itself. The relationship is strictly with the merchant and agent.

I can definitely see how it would be considered stealing clients if I were to start independent since the company provided the leads. That would be something to weigh against saving my clients alot of money.

It's great to be independent, but unless you're "funding" these clients yourself - aka - putting up your own money for their advances... you will have an extremely difficult time dealing with alot of these lenders with their so-called "great reputations".

Alot of deal-stealing is still going on, little or no responses after you've submitted deals and funding behind your back with no weight/muscle in your corner to fight for your commissions.

Alot of broker shops are either ran by or already have the reputation and relationships with these lenders and work solely with their guy on the inside.

Coming in as a "nobody" from the outside is not as incredible as it appears.

(speaking from personal experience)

[FUNd]

It's great to be independent, but unless you're "funding" these clients yourself - aka - putting up your own money for their advances... you will have an extremely difficult time dealing with alot of these lenders with their so-called "great reputations".

Alot of deal-stealing is still going on, little or no responses after you've submitted deals and funding behind your back with no weight/muscle in your corner to fight for your commissions.

Alot of broker shops are either ran by or already have the reputation and relationships with these lenders and work solely with their guy on the inside.

Coming in as a "nobody" from the outside is not as incredible as it appears.

(speaking from personal experience)

Self-discipline may be one of the biggest hurdles when going out on your own. Not having a boss has it's perks, but you better have a plan, metrics, and a schedule you stick to just like a normal sales job. Seems cliche but hold yourself accountable, it will pay off.