2007-08-07 06:39:19 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You can establish a seperate credit history for your LLC. After all, the entity is a seperate person in the eyes of the law. The problem is that a lender will usually require the member of the LLC to sign a personal guarantee, if the LLC doesn't have an extensive operating history and if the lender knows you will be investing in properties.
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2007-08-07 10:04:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not at all. The credit history/score of the LLC will be exactly that of the owners of the LLC.
2007-08-07 07:24:56 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
Of course not you have to qualify either way. So if you have lousy credit forming an LLC will not help you!
2007-08-07 06:42:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋