I am not really ready to start a business yet, nor do I know exactly what kind of business I would like to start, but in the meantime couldn't I start a general LLC to start building business credit now?
Couldn't I start a parent LLC like "FE13 Holdings" and basically let it do nothing but start building credit accounts sooner? Or do some kind of jobs under it?
Then later when I am ready to really start a specific business I could start it as a subsidiary LLC of that, to do whatever sort of business I choose under, but still be under the same credit history of the parent LLC.
I don't know if I want to start a real estate business, mechanic business, construction business, or pawn shop etc.. But what can I do NOW to start something rolling so I could then get financing more easily for whatever I choose to do?
Can I start a business just for the heck of it to practice business stuff and get a couple business cards to exercise to start building a business credit file?
Personally, you can't start building credit when you want to get a mortgage, they will laugh at you. You have to build credit far in advance of being able to get a good mortgage, so I assume the same logic applies to business financing no?
I do all sorts of freelance jobs and could start doing some of them under a business, using business accounts, to START building a business, and business history, so some day I can get financing to do something BIG..
Couldn't I start a parent LLC like "FE13 Holdings" and basically let it do nothing but start building credit accounts sooner? Or do some kind of jobs under it?
Then later when I am ready to really start a specific business I could start it as a subsidiary LLC of that, to do whatever sort of business I choose under, but still be under the same credit history of the parent LLC.
I don't know if I want to start a real estate business, mechanic business, construction business, or pawn shop etc.. But what can I do NOW to start something rolling so I could then get financing more easily for whatever I choose to do?
Can I start a business just for the heck of it to practice business stuff and get a couple business cards to exercise to start building a business credit file?
Personally, you can't start building credit when you want to get a mortgage, they will laugh at you. You have to build credit far in advance of being able to get a good mortgage, so I assume the same logic applies to business financing no?
I do all sorts of freelance jobs and could start doing some of them under a business, using business accounts, to START building a business, and business history, so some day I can get financing to do something BIG..
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