manucci Posted March 1, 2013 Report Share Posted March 1, 2013 Hello:I am trying to form either an S corporation or LLC; can anyone know which one provides better credit worthiness? I do not want the company credit cards or loans to appear on my personal credit. Michael Link to comment Share on other sites More sharing options...
willingtocope Posted March 1, 2013 Report Share Posted March 1, 2013 Neither. Even if your form a C Corp (whuch I prefer) any credit your small company may be granted will almost certainly require a personal guaranteee. In most cases, this is not a problem, unless you default...then it goes on your personal CRs Link to comment Share on other sites More sharing options...
legend Posted March 3, 2013 Report Share Posted March 3, 2013 Neither. Even if your form a C Corp (whuch I prefer) any credit your small company may be granted will almost certainly require a personal guaranteee. In most cases, this is not a problem, unless you default...then it goes on your personal CRs I just recently acquired 2 S Corp business CL's one for Citi at $11,000 and another for $15,000 through Chase, however as mentioned it required my personal guarentee AND they dinged my score for the inquiries! Transunion 2007 FICO 417Equifax 2007 FICO 510Experian 2007 FICO 554 Transunion 2012 FICO 743Equifax 2012 FICO 778Experian 2012 FICO 790 Link to comment Share on other sites More sharing options...
willingtocope Posted March 3, 2013 Report Share Posted March 3, 2013 Yep...one of the perks of owning your own business. Link to comment Share on other sites More sharing options...
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