Hey Kyle, I had a question about the credit card episode. You mentioned having a business credit card and a personal.
I have both, but you said something about if you’re a company that’s is not LLC, Corporation, or has EIN you don’t have any business credit.
I’m confused on that part since I have a Chase business card. Does that mean because I don’t have an EIN as a sole prop, then I’m not building business credit although I have the card?
Thank you for clarifying,
Dennis
It depends on how you applied for it. You can get business cards as an individual as well. That would be building your personal credit even if you only run business stuff through it and also separate it at tax time.
I also know you deal with some international stuff as well... So my answer really is that I am not sure. It is very likely that you are not building any form of business credit. If you used an SSN to apply vs an EIN it is on your personal credit.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today