In the world of merchant services like merchant cash advance and credit card processing, the acronym (an acronym is a word formed from the first letters of each of the words in a phrase or name) ISO stands for Independent Sales Organization. 

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You would be considered an ISO (independent sales organization), and yes, you are welcome to incorporate as a C-Corporation, or an S-Corporation or you can form an LLC, or you can even be a sole proprietorship.

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Once you graduate you are in charge of your destiny finacially speaking! The MCA industry is an unlimited income oppourtunity industry!