No offense, but that sounds like terrible advice. Please consult a lawyer or accountant with questions, but corporations do not magically and universally shield your side business from incurring debts you have to pay. (And your business credit cards would almost certainly be personally guaranteed -- who would give a credit card to a business with no credit history?)
Again, I should have prefaced this with stating that I am not a lawyer and do not provide legal advice.
With a DUNS number, you can open business cards if you have an established history of paying your suppliers and can show sales to other companies.
And your business credit cards would almost certainly be personally guaranteed -- who would give a credit card to a business with no credit history?
Not true. While it is easier to get a business credit card if you personally guarantee it from day 1, you can get one using you business identification information.
You can get Citi business cards with a DUNS and EIN number.
https://www.citicards.com/cards/wv/html/cm/business/know-the...
You can also get corporate AMEX cards once your business has $10M in revenue a year. Employee cards only require a SSN to verify identity, not to guarantee them (the regular, business amex cads, however, do).
Comments
No offense, but that sounds like terrible advice. Please consult a lawyer or accountant with questions, but corporations do not magically and universally shield your side business from incurring debts you have to pay. (And your business credit cards would almost certainly be personally guaranteed -- who would give a credit card to a business with no credit history?)
Again, I should have prefaced this with stating that I am not a lawyer and do not provide legal advice. With a DUNS number, you can open business cards if you have an established history of paying your suppliers and can show sales to other companies.
Not true. While it is easier to get a business credit card if you personally guarantee it from day 1, you can get one using you business identification information. You can get Citi business cards with a DUNS and EIN number. https://www.citicards.com/cards/wv/html/cm/business/know-the... You can also get corporate AMEX cards once your business has $10M in revenue a year. Employee cards only require a SSN to verify identity, not to guarantee them (the regular, business amex cads, however, do).