Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

12
Posts
1
Votes
N.A N.A
  • IL
1
Votes |
12
Posts

Establishing Business Credit

N.A N.A
  • IL
Posted

Hi,

I plan on starting my own business in about 5-7 years (HVAC/Electrical Service and Installation). However, I was wondering if it would be a good idea to create the company name and establish the LLC sooner, so I can get a head start on establishing business credit. Or should I wait?

I'm 23 years. My credit score is 750. I have 2 major credit cards, and no debt. My credit history spans nearly 3 years. I've never taken out a loan or financed a large purchase.

If I start out now, will my business credit score be zero? Or is my credit score a factor as well? Would it be like co-signing for myself?

Any help would be greatly appreciated.

Thanks

Loading replies...