For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check:  > Funding your business with your home equity or personal savings/guarantee is a HUGE risk  > ~45% of Small Businesses applied for a Business Loan in 2023  > Less than 2% of SBA Loans are actually funded/approved  > 29% of Small Businesses FAIL because thee run out of Capital  > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it)  > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!

@Zehua Zhou,You can use a Fidelity non-prototype account to manage the rentals, but it will have some of the features available with the bank's checking accounts, such as having a debit card, mobile deposit, and bill pay.

Or worse, a program will advocate taking out a loan or credit cards to pay for the program.Anyway, if you want to go for the program, go for it.

People are being more cautious with spending as stimulus money is gone, cards have high balances, many folks are losing their jobs and inflation prices are very high.

No ACH, no credit card.

We agreed upon the profits from the Airbnb's being for the property bills and debts that have accrued while working together, i.e credit cards and other loans pulled while those specific properties were being renovated.

If it is a brand new entity with 1 to 2 bank accounts with no credit cards, it might be cheaper. 

For example, your credit card could have a line of credit up to $25,000 but you don't pay anything as long as your balance is $0.

High Credit card utilization is better than a abundance of missed payments or recent bankruptcies.

So you get more deals than you can do without spending a dime on any business cards, letters, or anything else?