The Tender For Law

Volume 9

Jul 27, 2015 2:41 PM

David-Paul Sip

"How does a CORPORATION obtain a credit card to use for such purposes; when they use the PERSON's credit score/check as a decision making factor to whether they issue the card or not to the CORPORATION?"

AND

"I always wondered WHY they ask for personal information at banks to open a corporate account."

If you wish to establish corporate credit then DO NOT BEGIN with commercial credit (Amex, MC, Visa). This would be a MISTAKE and is akin to running before one can even walk.:P

If folks are asked to PERSONally guarantee CORPORATE credit it's because the corporation they control does not have an established presence or sufficient repayment history.