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All Forum Posts by: Diana Lalchan

Diana Lalchan has started 1 posts and replied 2 times.

Personal Finance

Post: Building both Personal and Business Credit at the Same Time

Diana LalchanPosted
  • Washington, DC
  • Posts 2
  • Votes 0

Doesn't this eliminate a major benefit to forming an LLC over sole-proprietorship?

So anyway, can you clarify your last sentence: I am not sure if the report for the individual or if they would just go after you.

Do you mean that just because you sign for them personally, it may not actually build your personal credit? that they will just use the information to come after you?

Second question, even if you personally guarantee things for the LLC, does it 'theoretically' build business credit even if it doesn't really matter?

0 Votes
Personal Finance

Post: Building both Personal and Business Credit at the Same Time

Diana LalchanPosted
  • Washington, DC
  • Posts 2
  • Votes 0

As an LLC, can I build my personal credit at the same time as building my business credit? Or do I have to be a sole proprietorship?

0 Votes