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After setting up an LLC w/tax ID number, can you establish business credit separate from personal credit? |
I've heard yes and no from people in the mortgage industry. I am looking to buy rental properties and would like to keep them off personal credit if at all possible just so I do not have huge installment debts listed under my credit history the further along I get into the business. Virtually no one is going to give a start up credit without a personal guarantee, which then ties to the debt to you AND the company. |
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