LLC vs Incorporation

[medic8404]

As far as business credit is concerned, can you still obtain good credit as an LLC or does a business traditionally gain credit easier as a corporation?

I have been strongly considering an LLC vs Incorporating as my business will be small to medium at most in size.

[2wheel]

It dosent make a diffrence about business credit if your a LLC, S-CORP, C-CORP.

My company is a LLC, I have no problem getting credit for it.

[Anonymous]

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@medic8404 wrote:

As far as business credit is concerned, can you still obtain good credit as an LLC or does a business traditionally gain credit easier as a corporation?

I have been strongly considering an LLC vs Incorporating as my business will be small to medium at most in size.

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An LLC is a corporation (Limited Liability Corporation).  It really depends on what you want to accomplish.  If you are merely protecting assets and liability, an LLC or Sub-S are often used to avoid double taxation that will occur in a C Corp if you have any taxable income within it.

But all forms of the corporation can obtain credit.

[uktaurusbulba]

I have 3 seperate llcs, 2 of which Ive built credit on. I have them set up as subs and one is the parent. I have heard people having Corps getting bigger lines of credit. I know, though, that in some states corps have to pay $500 a year in tax minimum, so if your using it as a shelf corp kinda thing, that's alot to pay if its not a revenue generating operation yet.