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Yahoo Answers! Business Credit This is a RSS feed for Topics from Yahoo Answers! That pertain to establishing Business Credit general business credit questions and answers. Feel free to discuss this in the Business credit discussion Forum. MEMBERS WITH THE DESIGNATION Powered by Yahoo! Answers under their names ARE BOOTS FROM YAHOO ANSWER...! NEW THREADS MUST BE STARTED ON REGULAR FORUMS, MEMBERS ARE HOWEVER ABLE TO ANSWER OR PARTICIPATE WITH CURRENT THREADS...

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Old 09-15-2007, 10:49 AM   #1 (permalink)
millylouise
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How does one establish business credit for a S corporation?

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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Old 09-15-2007, 11:00 AM   #2 (permalink)
Dr. Deth
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Unfortunately as an S-Corp, most creditors will want a personal guarantee. Even as a one person C-Corp - they might
 
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Old 09-15-2007, 11:11 AM   #3 (permalink)
ZinaRae
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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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Old 09-15-2007, 11:40 AM   #4 (permalink)
Velix
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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.
 
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