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My first corporation...
So my first corporation is finally set up. Now I need some credit. Where can I get a credit card with a decent spending limit? Anything will do, I really have no idea how much credit a new corporation can get.
Help me out here! |
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Get an american express card. |
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I'm not on it right now. What's up? |
Once you register a new corp, in about 1 to 4 weeks you'll start getting offers from all the credit card companies offering business visa, business mastercard, etc.
It's a pretty funny process. They all try so hard to suck you in. |
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they must of gotten raped |
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To my knowledge depending on how you incorporated the business owner or CEO (you) will have to sign for any business credit and use your credit worthiness to guarantee any credit extended to the corporation. Now, with that said, after you have been incorporated for at least a year and had some sort of business trade or credit established for that year then they will extend credit to your corporation as an entity. For example, if you have an advertising account set up with a magazine or if you have cell phones in the business name. If you have personal cell phones you may want to switch them to the business name to help speed up the process. Same with utility bills even if your office is in your home. Anything ordinary that you deal with now that can go in the business name make that switch and the credit will come much quicker than you expect.
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