What Is a Corporation? Separate from business owners, corporations are their own legal entity which the owners control through the shares they have in the company. When incorporating, you will have the opportunity to state how many shares you own as the register of the corporation. For a one-person corporation, this will be a 100 […]
Eight Steps: How to establish business credit Put your business on the map Maintain good credit with suppliers and vendors Obtain an employer identification number (EIN) Pay on time all the time Open a business credit card Get incorporated Separate business and personal expenses Monitor your credit Figuring out how to access business financing and credit is […]
As a business owner, it’s important to understand the difference between your personal credit score and your business credit score. Personal credit is what you build by showing trustworthiness when it comes to paying your bills on time and in full, from credit cards to automobile loans to home loans. Doing so increases your credit […]