Wednesday, July 15, 2009

Does a business credit card go on your personal credit report if you are set up as a S Corporation?

Rule of thumb....if you gave the bank your social security number when you applied for the card, any activity will appear on your credit report.



Does a business credit card go on your personal credit report if you are set up as a S Corporation?

Yes, an S-corporation share holder is directly connected to the corporation if the percentage of ownership is over 2%

No comments:

Post a Comment