I have an established corporation that have be operating for two years,but I haven't established corporate
credit. Could purchasing a house lolly for $30,000 be a channel of establishing the company credit? And if I considered necessary to refinance, would a ridge approve my company for a loan? I hold a credit gain of 600, but the company will be purchasing the property in change, not me.
Answers:
Anything you buy on credit in the corporation's identify will establish credit for the corporation. However, officer's of the corporation will be entitled to anything purchased lower than the corporation's baptize, and when and if the corporation is dissolved, you will hold to split everything that be purchased by the corporation, near the corporate officer. Mind you this is base upon California Corporate Law, the credit issue would be general.
Just budge to the mound and ask. It depends on the property, your income, the go together sheet, the merit of the ground, etc.
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Answers:
Anything you buy on credit in the corporation's identify will establish credit for the corporation. However, officer's of the corporation will be entitled to anything purchased lower than the corporation's baptize, and when and if the corporation is dissolved, you will hold to split everything that be purchased by the corporation, near the corporate officer. Mind you this is base upon California Corporate Law, the credit issue would be general.
Just budge to the mound and ask. It depends on the property, your income, the go together sheet, the merit of the ground, etc.