I want to add to my question: If my business leases property from me, (1) Do I quit claim the property to my?

Question

business, and (2) can I report the payments on the property to the business credit bureaus to help establish the biz credit

Answer 1

You can lease the property to any corporation or other entity as you see fit.

Now as far as reporting the payments to the business credit bureaus, you can do that also.

I think I understand what you are trying to do, this take time t build corporate credit as it does to build personal credit.

I would leave the property in the corporation so as to show wealth, if any mortgage is owed on the property, I would make then with the corporate account.

Go to Staples and Office Depot, apply for a credit card in the corporate name.

Now you have 3 lines of credit, The mortgage, Staples and Office Depot.

Make sure that you call Don and Bradstreet about the corporation, if you have not already. Call and ask if they have any information on the corporation.

You will need to have the corporation have a telephone number that is listed in the telephone book. They will not accept a cell or home phone.

The number must be listed in the telephone book. That is how they will call and ask about the corporation. The phone can be in your home, as long as it is listed in the telephone book

Your call will cause them to inquire about the corporation. They will ask how long the corporation has been in business, this question can be as to how long you have been in business that caused the corporation to be formed. How many employees the corporation has.

I counted my answering service, wife because she answered the telephone occassionally,my son and daughter because the ran errands for the corp. So when I had finished I had 7 employees.They will also want to know what your projected income gross and net. Bank accounts,not account numbers just the bank itself.

Once your account has been established any thing about the corp will be reported.


I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 2

1) no. The business can't lease the property from itself if you quit claim it to the business.
2) no. Lease payments are like renting. You can only give a credit reference for renting, not report regular payments like on a loan.

Answer 3

This sounds like a lengthy distance rip-off to me. contact a depended on authentic belongings criminal professional interior the interior of reach section the position the land is placed. whenever you supply up belongings rights (sale, present, or in basic terms lose interest interior the belongings), the owner(s) listed on the deed (even if a unmarried proprietor or area of a collection of vendors), indicators a end declare deed. even as signed, that man or woman provides up all their belongings rights (yet they could nevertheless be responsible for the loan) except the customer receives their personal financing or buys the belongings outright. the different vendors nevertheless preserve their belongings rights. it quite is authentic that if the "proprietor" that you're coping with isn't on the deed, he won't be able to signal a end declare deed because he's not the owner, not even a joint tenant in complication-free. and also you'll't take possession of the belongings or his percentage of the belongings. This guy sounds like a scammer - promoting you belongings that he would not personal or don't have the rights to promote it. i'd like extra information to charm to a diverse end.