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Joined 10 months ago
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Cake day: November 21st, 2023

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  • acervenkajgalt@alien.topBtoSmall BusinessFamily business
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    10 months ago

    What is the vertical the business will be in? Multi member LLC with and Operating Agreement would be my suggestion for the sole factor of building that corporation’s EIN based credit. Having all parties involved working under one EIN will shortcut the process to get the business cash-flowing on its own two feet, so when money is needed for additional growth, none of you are needing to sign personal guarantees for it. That holds true for even CCs. But all dependent on what type of business it is



  • If exiting is the route you’re going to take, there is the strategy of buidling your corporation’s credit, EIN based, to refinance all existing debt off of you and your personal guarantee and move it onto the Corp. Doing that will help free up cash flow for you to put the correct people in place so you can sell/exit with a much higher profit. It’s not an overnight solution, but you’ve put so much time and effort into this already, why not make your exit as profitable for yourself as possible?