Advantages of Having A Business Credit Profile

Just by building a business credit profile you will be able to limit the use of your personal guarantee and build business credit regardless of your personal credit history.You will have more cash for the business.  Convenience in purchasing.  Protection of your personal assets from that of the business.  Limit your personal liability from the business.  No need for personal credit checks.  Purchase vehicles with no personal guarantees.   Purchase equipment, computers and more with your business credit.  Preparing your business for future lending needs

Separating You From Your Business

You can separate your personal liability and protect your personal assets from that of the business just by incorporating. It is possible to build a business credit profile for a sole proprietorship or partnership however you are still responsible for all the debts of the company. We recommend building your business credit as a corporation or limited liability company. Other advantages of a corporation are:
Separates you from your business.  Limited liability of the owners and officers. Lower tax liability.  100% tax deductible insurance.  Reimburse 100% of medical expenses.  Corporate image.  Raise capital and build credit faster.  Lower your audit risk as a small corporation.  Stock ownership - easier to transfer assets.  Protect Your Personal Assets

Biggest Advantage of Having Business Credit

The biggest advantage of having a good business credit profile is saving money. By obtaining a more favorable credit score you will lower the interest you pay on loans and leases.

 Your Business Credit Profile
 Learn how to limit the use of your personal guarantee and build business credit (regardless of your personal credit history) just by building a business credit profile. Building a business credit profile allows you to:

• ·             Limit your personal liability
• ·             Protect your personal assets from any business losses
• ·             Eliminate the need for using personal credit
• ·             Purchase vehicles without using personal guarantees
• ·             Access more cash for the business
• ·             Purchase items for business with convenience
• ·             Prepare your business for future lending needs