How does one establish business credit for a S corporation?

September 18, 2009 by admin · 3 Comments
Filed under: Corporations 
business
millylouise asked:

I help started a newly established S corporation and wrote a business plan for the company. Next, how do I establish business credit for the company? Thank you in advance.

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Comments

3 Responses to “How does one establish business credit for a S corporation?”
  1. Velix says:
    September 21, 2009 at 1:04 pm

    I’m not soo certain about the whereabouts because there’s a
    lot, but a good thing that might help you is by asking your
    agent or advisor or well..you should know the rest. He/she won’t only get you a good businees credit for the company, but one of the best as well.

  2. Dr. Deth says:
    September 23, 2009 at 4:27 am

    Unfortunately as an S-Corp, most creditors will want a personal guarantee. Even as a one person C-Corp – they might

  3. ZinaRae says:
    September 24, 2009 at 5:38 am

    If you had a detailed business plan you’d have the answer. That would be a major part of any business plan. The Pres. VP, Sec. or Treasurer will have to “guarantee” the credit issued to the company. This has nothing to do with either an “S” or a “C” corp. Both need credit in one fashion or another. Good luck on your new corp.

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