Employment Verification for a defunct operation?

Question

Hi!

I am applying to MBB and in my CV I plan to put down an informal cash-only one-person business that I ran for 9 months (think tutoring-type of business). This business didn't generate enough revenue for it to be taxed. As hence, the business is basically a ghost now. How would employment verification work in this case? Will an offer not be made/rescinded because I simply will not be able to prove that I ran this?

I still think I have a chance at MBB because I have gotten a first class honours from Imperial in Mathematics and have military experience with the special forces and stuff.

Answer 1

I agree with Ian - if it's a registered company then you can list it (I can't comment on the tax side but I assume that you should at least have filled in a return, even if it ultimately wasn't subject to tax if the profits were too small). If not then I'd list it in interests.

Answer 2

Hi there,

I wouldn't worry about it. Just explain them the situation if they ask about it, but I doubt they will.

Best,

Cristian

Answer 3

Hi there,

From a legal perspective I am a bit concerned…no business is tax-exempt (at least from my understanding of US tax law). Double check this one.

I think you can include it, but be careful how you list it. You can't claim that it's a company if you're just tutoring people, mowing lawns etc. Unless you have a real website and a registered business, make sure to list it more as a hobby/side job.

Answer 4

Hello,

I would probably list something like this as a side-hustle / self-employment, and make it very clear what the nature of the operations were. I.e. you did tutoring, but more in your own capacity rather than for some large corporate entity.

Answer 5

If this was a registered company, you should state it. Otherwise, put it as a hobby / personal venture.

In general, you won't have problems by stating the truth.