Establishing Business Credit

During this week's podcast episode, we will discuss why you should establish business credit. 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. Once your business has been properly formed and in operation, the next step is to apply for credit in your company’s name. There are several basic types of business credit you can acquire as a newly formed startup or existing business with little to no credit identity established.