Comments for Car Free DC

Comment on What Business Credit Cards Are Not Attached To My Personal Credit? by Fg D

Fg D — Mon, 01 Mar 2010 00:15:01 +0000

Once your business is big enough you should find a card that isn’t cosigned by the owner. I work for a large company and we don’t have any company cards except home depot and office depot, vendors give you 30 days to pay. Business is judged differently than people they go by your business’s Dun and Bradstreet score not a FICO score.
Small business is going to be guaranteed by the owners personal assets. Some of our vendors require a corporate officer to sign the credit application. It isn’t a problem because officers know if the business is going to pay the vendors.

Comment on What Business Credit Cards Are Not Attached To My Personal Credit? by Spock (rhp)

Spock (rhp) — Mon, 01 Mar 2010 00:09:53 +0000

Spock is correct. Until your business has an established track record with vendors, time in business and how your business is formed, you will be held responsible for any credit your business receives.
An alternative is to check with the bank where you have your business checking account. They may give you a credit card that also has your business name on it to use for your business expenses. Understand, the bank will follow its policies on granting credit to you and yes, your credit report will be what they base your business credit limit on.

Comment on What Business Credit Cards Are Not Attached To My Personal Credit? by Carol Y

Carol Y — Sun, 28 Feb 2010 23:10:51 +0000

A true business credit card is a line of credit that is taken in the name of the business, under the business’ credit. Activity, whether good or bad, is reflected on your business’ credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.
However, some companies out there offer “business” credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts – you are.
When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business’ credit, while avoiding creating problems with your own.
Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for “strong business credit” (just like that in quotes) to find services that sell the information.
Good luck,
Ilya Bodner
Small Business Owner
Initial Underwriting Group

Comment on What Business Credit Cards Are Not Attached To My Personal Credit? by Bowt T

Bowt T — Sun, 28 Feb 2010 23:07:45 +0000

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Comment on What Business Credit Cards Are Not Attached To My Personal Credit? by Brittney L

Brittney L — Sun, 28 Feb 2010 22:49:43 +0000

after your business is solidly profitable, this can be done.
until then, it can’t
banks aren’t completely stupid.

Comment on What Business Credit Cards Are Not Attached To My Personal Credit? by Rebecca

Rebecca — Sun, 28 Feb 2010 22:27:51 +0000

None. I am a small business owner and had to guarantee all of my business credit cards.

Comment on What Business Credit Cards Are Not Attached To My Personal Credit? by Erick R

Erick R — Sun, 28 Feb 2010 22:26:47 +0000

People think once they screw up their own personal credit the next thing they can do is have a business and get credit that way but it doesn’t work like that. Your personal social security number and credit rating are going to be used to extablish credit when you start out and even well beyond.
Added
Reality is as a beginning business you are NOT going to go out and secure credit using an unknown/ unestablished business name or identifying number!

Comment on How Can I Change Or Select Advertising Picture In My Yahoomail Home Page? by hamid

hamid — Sun, 28 Feb 2010 22:07:21 +0000

Sorry,but you can’t.

Comment on What Kind Of Business Can I Start In A Warehouse Building? by mrjoh200

mrjoh200 — Sun, 28 Feb 2010 00:16:08 +0000

You may have to check the zoning for the warehouse. Some business may be prohibited. Extreme example: if you wanted to open a strip joint. These require separate types of zoning. I would check. It would be a shame to set up a business and then find out it violated the zoning requirements.

Comment on What Kind Of Business Can I Start In A Warehouse Building? by Michael B

Michael B — Sat, 27 Feb 2010 23:35:33 +0000

If you own the building and it is a large space and you are in a desired location; I would just alter it and turn it into office space and or warehouse space and rent it out. I don’t know where you are located but where I am; you can rent out warehouse/office space by sq.ft.
Your buisness will be the ‘landlord’. In this situation you are not wasting or investing/risking any money into a business that may ‘fail’; rent is a solid investment and you can turn that extra cash into something else!
In terms of document storage; everything is going online now on servers etc; only old school businesses would need document storage; shredding business sounds more plausible, but the sunk cost for that and the advertsining costs, operation costs may not be worth it…
If you can rent, why not. You can go play golf, sit at home and read..
(other suggestion would be to start a non-profit; something you truly believe in; raise money, fund-raise; leave your imprint on our planet). Good Luck.