When building a business, you’re bound to make a mistake. Any mistake may lead to bankruptcy, high interest rates, foreclosure and other problems.
Developing business credit will allow you to live life separate from the business. If you encounter a business failure, you’re ability to qualify for a mortgage or a car loan won’t be compromised.
The solution is to build corporate credit separate from your personal credit. This is done by developing unsecured lines of credit using the business credit profile.
The first step is to start with an aged shelf corporation, shelf LLC or shelf company that will serve as the foundation for developing that business credit profile. Email here for a list of the available shelf companies.