24 May '11, 6am

How To Build Business Credit

Separating your personal credit from your business credit is important if you want to ensure that your business remains legally separate from your personal assets. Separating business income and expenses from your personal accounts and assets is important anyway, from a liability standpoint. With separately established credit, your personal credit is less likely to be ruined if something financially disastrous happens to your business. Additionally, a long history of keeping your business assets separate from your personal assets will protect you if an irate client sues you later. Instead of accessing your personal assets, he or she will have to be satisfied with your business assets.

Full article: http://www.youngupstarts.com/2011/05/24/how-to-build-busi...

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