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Updated over 4 years ago,

User Stats

134
Posts
79
Votes
Keith Schulz
  • Investor
  • Verona, WI
79
Votes |
134
Posts

Business Credit

Keith Schulz
  • Investor
  • Verona, WI
Posted

I currently have an LLC set up. Although, all my financing in the past has been in my personal name. I'd like to get to the point where I have enough business credit to finance rehabs.

In any case, I'm getting prequalified business credit card letters. However, I don't currently have a business tax id number. If I apply for a business credit card and use my social security number will this appear on my personal credit, or will it stay seperate as business credit? I suppose I should probably just apply for a Tax ID Number. However, I'm not sure how that would affect my taxes at the end of the year.

Any other input on developing business credit would be appreciated too.

Thanks.

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