Anonymous asked in Business & FinanceCorporations · 4 weeks ago

What to do once you have a corporation? How to build its credit / credibility?

Once a corporation is formed, how does it build credibility? I assume you can’t just go to the bank the next day and get financed. I’m in Canada, and thinking of forming a corporation which will invest in different sectors, starting with real estate. Once it is formed, do I just start by purchasing a property? 

2 Answers

  • Anonymous
    4 weeks ago

    Credit for a corporation does not just happen. In fact, borrowing in the company name is difficult or impossible without a personal signature with good credit and collateral. Nobody just showers you with credit because you formed a company.

  • Matt
    Lv 5
    4 weeks ago

    You need to write a comprehensive business plan. 

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