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?
- Anonymous4 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.
- MattLv 54 weeks ago
You need to write a comprehensive business plan.