2006-09-12 11:02:26 · 6 answers · asked by mclay 1 in Business & Finance ➔ Small Business
If I do incorporate, etc. Will my personal credit (not so good) hold me back from getting credit for my business? Would I still use my SS# or is the tax id# I would get completely seperate from my personal credit?
2006-09-12 11:14:43 · update #1
get you a dun and bradstreet rating its credit for business,
http://www.dnb.com/us/
2006-09-12 11:08:51 · answer #1 · answered by stocketrader24 3 · 0⤊ 0⤋
Incorporate. Consider an "S" Corp. It's a really good deal for the small business owner.
2006-09-12 11:04:59 · answer #2 · answered by blackfangz 4 · 0⤊ 0⤋
You incorporate your new business into an LLC Limited Liability Corporation. Then it is as if your new company is its own entity. It can apply for its own credit so to speak.
This way you cannot be held personally liable.
2006-09-12 11:06:06 · answer #3 · answered by Carolyn S 1 · 0⤊ 0⤋
By incorporation your business. Your personal assets and liabilities are separated.
2006-09-12 11:04:30 · answer #4 · answered by WC 7 · 0⤊ 0⤋
structure your business as a corporation, LLP or LLC. the business will also need a bunch of capital to prevent creditors from asking you to guarantee the assets of the business. (personal guarantees)
2006-09-12 11:06:11 · answer #5 · answered by loveholio 5 · 0⤊ 0⤋
incorporate it
2006-09-12 11:04:15 · answer #6 · answered by anonymous 6 · 0⤊ 0⤋