Credit For LLC

Comments(9)

• 
  GFous5th October, 2003

  Establishing credit for an LLC is no differnent than establishing credit for any other entity, If there is no history, you will have to guarantee notes personnaly or with another entity.
  [addsig]

• 
  fly_birddog5th October, 2003

  Other entities meaning a bank account? What else besides personal credit.

• 
  REcycle5th October, 2003

  It has been my experience that you are usually going to be required to provide personal info each time (ie ssn). The exception would be if your LLC had some real strong fianancials, a borrowing history and several years in the business.

• 
  Sash5th October, 2003

  If you sign as a personal guarantee doesn't that open you up to liabilities?
  
  The whole point of a LLC is to protect your ass.
  
  Mike
  [addsig]

• 
  DaveREI5th October, 2003

  LLC credit building is the same as personal ...you must establish...use your ein not your ss# ... do not comingle your credit if one can hinder the other... keep the entity seperate...

• 
  Sash5th October, 2003

  ein?
  
  Mike

• 
  fly_birddog5th October, 2003

  EIN - Employer Identification Number

• 
  mortgagegirl6th October, 2003

  Never use your personal SS# when trying to establish credit for your business. Always use the tax id # and only apply to merchants who only ask for the tax id#

• 
  brian1833017th October, 2003

  read my reply to trustee79, you will never get any real unsecured credit without being a guarantor.