Form Your Business

One of the first things you need to do in order to build your business credit is to actually start the business. In order to receive a business loan or investment, you would need to separate your business finances from your personal finances. That means setting up a legal business entity such as a corporation (C Corporation or S Corporation) or LLC. You should determine what type of business is right for you. Your CPA or tax advisor can advise you on the best legal structure for your particular situation. Here is the different type of business entities.