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Credit does not
have to be a mystery. Business
Credit Master will help you change
the way you think about your
business and personal credit. Your
credit is the single most powerful
tool that you have at your disposal
to improve your future and way of
life. Since 1999 Business Credit
Master has helped business owners
and consumers master the
possibilities of their most powerful
financial tool. Contact Us today for
a free analysis and consultation. |
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Business Structures
Have you thought about incorporating your
business in the past?. Are you unsure of what
kind of corporation will be best for your
business and credit?
First, here are a few harsh realities about
business credit.
The following business types will NEVER be able
to establish business lines of credit without
personal guarantees: Sole Proprietorships,
General Partnerships, Limited Partnerships.
Why? .. you ask
These business types are simply extensions of
their owners as opposed to separate entities. As
such the social security number of the partner
or proprietor will ALWAYS be used for business
financing even if the SP GP or LP have a
separate Taxpayer ID.
So for our purposes we are going to talk about
the three most common corporate types that are
good candidates for corporate credit.
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C-Corporation
A C-Corporation is an organization authorized by
state law, to act as a legal entity distinct
from its owners. A corporation has it's own
name, it's own financial records and identifying
marks and has it's own powers to achieve legal
purposes, and therefore, is a separate legal
entity to that of its officers shareholders or
board of directors. If your business will have
employees, a commercial location, equipment or
other large assets then a C-Corporation is
structurally sound for your business in most
cases.
S-Corporation
A S-Corporation is just like a C-Corporation
except that it elects to be taxed under the
Subchapter S of the Internal Revenue Code.
Basically, shareholders pay tax on the
corporation's income by reporting their pro-rate
shares of pass-through items on their own
individual income tax returns. Simply put if you
are going to be a one or two person corporation
working from your home then a S-Corporation is
best.
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Limited Liability Corporation (LLC)
A Limited Liability Corporation is the best choice
for those who want to create a partnership with the
tax benefits of a C Corporation. LLC's provide
protection from personal liability, just as
corporations do, and yet LLC's receive the tax
treatment of limited partnerships, or a C
corporation, whichever the members of the LLC
desire.
These types of entities are best to establish
corporate credit because they create a clear
division between the corporation and it's owner(s).
As such a credit profile can be built around these
entities to maximize the borrowing power of the
corporation without any personal guarantees from the
owners.
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Corporate Credit Held By Our Clients
With No Personal Credit Checks |
 45K
Lines Of Credit
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30K
Hardware Store Lines
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25K
Computer Supply Lines
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20K
Fleet Gas Cards
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50K
Auto Loans
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150K
Equipment Leases
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10K
Office Supply Lines
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Working
Capital Loans
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Non-FICO
SBA Loans
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280K
Construction Loan
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