New vs. Seasoned Corp/LLC

[Juan Michael]

Hello,

I'm planning to start a corp for REI purposes, most likely an LLC. I was told that buying a seasoned corp. and just become the personal guarantor for line of credit purposes would be best. I am really unsure of this process and have been reading the posts related to the differences between sole, llc's and s-corps, but i did not see anyone addressing the differences between a brand new corp vs. Buying a seasoned corp. Can anyone offer any insight on this topic ? :help: