Does anyone have any experience here? Currently running my business as a sole proprietorship (1.5 years since inception). Not quite ready to pull the trigger on forming an LLC, but I'd like to start building some credit history - Is there any sort of standard practice for transferring the credit lines to a new entity, or am I looking at starting over from scratch (In which case I might as well push ahead and deal with it sooner rather than later)?
Also, in the case of Chase, does the 5/24 rule apply for a corp? I mean, I may be the owner of the company, but the card would be associated with an EIN, not my SSN.
