Can a person with bad credit start a corporation?
Nitro Pipes asked:
I know by incorporating you are excluding yourself from personal liability with the business. However, is there a minimum credit score required for a person to start a corporation? If there is, what is it, and additionally, if someone with capable credit starts a corporation, can someone with bad credit be named as a partner and or trustee that can utilize and control the financial aspects of the company along with the president of the co.?
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I know by incorporating you are excluding yourself from personal liability with the business. However, is there a minimum credit score required for a person to start a corporation? If there is, what is it, and additionally, if someone with capable credit starts a corporation, can someone with bad credit be named as a partner and or trustee that can utilize and control the financial aspects of the company along with the president of the co.?
November 2nd, 2009 at 4:33 pm
sure –but any financing will be a problem golferwhoworks
November 3rd, 2009 at 4:48 am
Yes, you may.
There is no minimum credit standards as your corporation may not be using credit.
The board of directors may appoint a treasurer to handle the finances. Feeling Mutual
November 5th, 2009 at 3:31 am
You can start a corporation with any kind of credit. It’s a matter of getting loans and funding that will be effected by your credit score Credic J