Resources
Avoid the Pitfalls of Balance Transfer Credit Cards By Morgan Hamilton Balance transfer credit cards can be quite a temptation for a lot of people. People can now transfer the entire balance from other credit cards to balance transfer credit cards. These credit cards Read more...
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Resources
The Power of Balance Transfer Credit Cards By Morgan Hamilton Have you given in to the temptation of balance transfer credit cards? You will be able to transfer the balance off other credit cards to balance transfer credit cards. You will then benefit from Read more...
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Resources
Tips For Obtaining A Business Credit Card By Morgan Hamilton The first thing that most businessmen will do in establishing businesses credit is to obtain a business credit card. It is important to know that these credit cards are not the same with credit cards Read more...
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(1) The financial worthiness of a borrower. The history of whether this borrower has met financial obligations on time in the past. (2) an accounting term designating money received or receivable, as opposed to debit which is money paid or payable.
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#Welcome to
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Separating Your Personal Credit From Your Business Credit! By Trent Lee Did you know that almost 9 out of 10 business owners start a business based off of their personal credit! They use their own saving to invest as start up capital then they personally guarantee business loans and lines of credit.
If you know how to separate your personal from your business you can separate the personal liability from the business. There is a simply and proven path to establishing business that must be followed if you are a business owner.
By establishing business credit, your chances of obtaining business financing will increase by over 250%!
As an expert in building business and the business industry, it has been my experience that less then 5% of entrepreneurs or business owners truly know what business is and how to establish business credit.
Last month I was speaking at a real estate investment seminar and was not surprised by how many business owners in the room came up to me afterwards and expressed their concern for starting a business incorrectly by not separating their personal from their business credit.
Many of them mentioned that they had anywhere from 3-9 properties in their personal name, which was negatively effecting their personal history. We spoke about the many benefits of business credit, mainly, the possibility of purchasing real estate under the corporation name without it showing up on their personal
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report.
We spoke about the possibility of obtaining additional financing to fund their real estate deals or other businesses. The one thing everyone had in common was not enough funding! They knew what to do with the funding; they just were not able to obtain it.
By establishing business you will be able to literally obtain unlimited financing and eventually obtain it without a personal guarantee!
One thing is certain, if you don’t establish business you damage your personal credit, put your family at risk and dramatically lower the possibly of funding and business success! Corporate Credit Concepts makes it easy to establish business credit. To obtain your free report on how to build business credit and obtain Unlimited Financing click here. www.freecorporatecredittips.com
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