Can a person setup a corporation so he can both do business and buy a house with the corporation umbrella? Or would the negative credit of the owners affect the chances of building credit?Corporation to buy house for person with bad credit.?
The corporation would grenerally go on the credit of the Owner(s) unless you have an established EIN number, with Credit Rating. Negative credit will make it very difficult for you. The best thing to do is to get you credit report and make sure everything is accurate, dispute anything that is not. Then you can contact creditors when you are ready to pay something off to see what the least amount they will take is to pay off your debt. Good luck.Corporation to buy house for person with bad credit.?
Yes, you can have your board of directors appoint others as the officers of your corporations.
As you should know, when obtaining a lease for the business, the landlord would check the credit of the owner. It does not matter if the business is a corporation or sole proprietorship. Unless the corporation is very big like Microsoft or Google, your chance is almost zero.
I think you can find the most accurate answer by searching on www.PolyCola.com
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