Building a strong business credit profile is the foundation for your company’s longevity and success. Without business credibility it becomes difficult to attract new business partners or financial institutions to invest in your vision. Aside fromMoreBuilding a strong business credit profile is the foundation for your company’s longevity and success. Without business credibility it becomes difficult to attract new business partners or financial institutions to invest in your vision. Aside from that, separating your personal credit from your business can only help you in the long run.
In all honesty anything can happen, suppose you decide to close or sell the business. If your company is established on its own, this will not affect your personal credit at all. On the other hand if everything is in your name, you are personally liable for all debts and accounts. This essentially can ruin your life. Think about it like this, you can always re-establish another company, but you only have one personal profile.
Another perk to having a separate profile is tax savings and write offs. It is much easier to handle business taxes when the records are separated. As far as tax write offs, did you know this e-book can be written off as a business expense? You are allowed to write off business education expenses. Basically The Informative guide to Building Business Credit can help reduce your tax bill (If you have your company structure established already) As I stated earlier, I am sure you have come across other companies which offer to build your business credit for a fee.
The choice is ultimately up to you, but why spend excess money. The Information in this book will guide you step by step on how to build business credit on your own, giving you the secrets to establishing credit within 3 to 6 months instead of the two years it normally takes. Now I know many of you need to focus on your business and dont have the time to work on building credit. I suggest you have someone you can trust do it for you, a spouse, a family member, assistant.
Think about it like this, would you hand your personal information over to someone else and say build a personal credit profile? NO. Same thing applies with your business credit- you want it in the hands of someone you can trust. I am not saying those companies dont help, but it is hard to distinguish the ones that really help and the ones out to take your money. The goal of this book is to give you the blueprint to do this on your own.
In order to build business credit, you need to become business savvy and know the ropes. Being business minded and business savvy are two separate entities. In order to take your company to the next level you need to have both.