http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter Information on Shelf Corporations, Aged Corporations and Business Credit Lines Thu, 07 Apr 2011 18:55:59 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter/comment-page-1#comment-140 swy3388 Wed, 23 Sep 2009 01:36:59 +0000 http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter#comment-140 In theory, LLC is a separate entity and should be able to establish its own line of credit, however when it's a brand new or fairly young company, the creditors will ask the principals of the company to provide personal guarantee, which means the company principals agree to pay the debt out of personal asset if the company fails to do so, therefore the personal credit score does matter.<br><b>References : </b><br> In theory, LLC is a separate entity and should be able to establish its own line of credit, however when it’s a brand new or fairly young company, the creditors will ask the principals of the company to provide personal guarantee, which means the company principals agree to pay the debt out of personal asset if the company fails to do so, therefore the personal credit score does matter.
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]]> http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter/comment-page-1#comment-139 General Custer Wed, 23 Sep 2009 01:29:59 +0000 http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter#comment-139 yes, until the llc developes it's own assets and credit history<br><b>References : </b><br> yes, until the llc developes it’s own assets and credit history
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]]> http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter/comment-page-1#comment-138 stepboltower Wed, 23 Sep 2009 01:19:59 +0000 http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter#comment-138 Yes, the owner[s] of this LLC company must establish a line of credit for the company when it first starts out. But after that, if the company can show that its credit is good through payments on accounts, then you can use that business for the line of credit.<br><b>References : </b><br>Personal experience of working for a LLC company Yes, the owner[s] of this LLC company must establish a line of credit for the company when it first starts out. But after that, if the company can show that its credit is good through payments on accounts, then you can use that business for the line of credit.
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Personal experience of working for a LLC company

]]> http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter/comment-page-1#comment-137 rhsaunders Wed, 23 Sep 2009 01:01:59 +0000 http://www.agedcorporationsecrets.com/business-credit-lines/when-someone-sets-up-an-llc-then-try-to-get-business-lines-of-credit-does-his-personal-credit-score-matter#comment-137 Yes.<br><b>References : </b><br> Yes.
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