Separating Business from Personal....

Dear Friend,

Many small business owners and entrepreneurs are unaware of their ability to build a business credit profile so they can stop using their personal credit to fund their business. You can separate your personal liability and protect your personal assets from that of the business just by incorporating. You as a business owner have to keep you as a person separate from your business and starting thinking that way NOW!

I recommend building your Business Credit profile as a Corporation (S or C) or Limited Liability Company (LLC). The main advantage of forming a Corporation or LLC is that you can separate your business assets and liabilities from those of the personal. If the business incurs a debt that it is unable to repay, your personal assets (house, car, belongings, etc.) are not at risk.

Here are some other advantages to forming a Corporation or LLC:

* Your company now becomes a separate entity from you personally
* Limited liability of the members (LLC) and officers (Corporation)
* Many more tax deductions allowed than for personal
* 100 of medical expenses –depending on S or C type of structure
* Corporate image
* Raise capital and build business credit faster
* Expenses are taken off revenue and you are taxed on what is left
* Stock ownership (Corporations) - easier to transfer assets

Picture this: You are a small business owner/entrepreneur with decent/good credit. Your business has just recently gotten started and you're still in need of new equipment/supplies. You purchase this equipment with your personal credit card like always. What you don't already know is that the average American only takes one major loan on their credit per year. Not long after this initial purchase you end up needing to purchase other supplies for your business, so once again you use your personal credit card. After doing this a few times during the course of a year, your credit score starts dropping. Just by being a responsible business owner/ entrepreneur and purchasing the necessities for your business, your personal credit score is drastically decreasing.

Fast Forward: The above paragraph is how you used to do things, now you have the power of

Business Credit and the insider secrets and strategies. Just by making one simple shift and placing your business into a Corp or LLC will save you thousands in money as well as sleepless nights.

To Your Business Success

Article Source: http://www.marketingarticlebank.com

To find out more about Pat Gage, "The Opportunity Creator" visit his website, www.Best10StepsOfOpportunity.com

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