Building Business Credit Profiles Separate From Company Owners
Kevin Wessell, CEO of Los Angeles based Companies Incorporated, a company formation firm, launches a resource helping businesses to build credit that all small business owners should take seriously.
Wessell heads the firm that provides corporation formation in all 50 US states and in most countries of the world, asset protection, offshore trusts, international bank accounts and estate planning. Also, the company provides a popular service where they build the credit profile of a business. Information on Mr. Wessell and CI’s suite of services for businesspersons can be accessed via their web site.
Building business credit is a journey that every entrepreneur may want to consider. The process is laden with technicalities that suggest a professional should guide the procedure. Wessell’s firm has mastered this process and developed relationships with business credit providers. Mr. Wessell then hired and trained a business unit that provides hands-on coaching to his corporate credit program customers. His system reduces the time necessary to build credit on your own, typically 4-6 years, down to 4-6 months or often as little as 30 business days.
Companies Incorporated has been offering Corporate Credit programs for several years and in development with a multi-tier offering to the small business community with complete business credit services. Launching this educational series is the first step.
In addition, many non-financial benefits are related to having a separate business credit profile. The primary reason many Companies Incorporated customers incorporate their business is for liability protection. If the formalities of operating a legal business entity are not followed, this liability protection can be jeopardized, or it can weaken the corporate veil. If business owners co-mingle corporate and personal financial matters, this could lead to alter-ego perception of the business entity, therefore compromising a main benefit of owning an incorporated business.
For more information, visit companiesinc.com.