3 replies to this topic

[david4404]

I have been in business for 4 years but am just now going to incorporate and work on building business credit.
My question is will I get credit for my years in business as a sole prop. or only for time as a corporation?

If so how would time in business as a sole prop. be verified?

Thanks,
David

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[stroked89coupe]

Based off of time since incorporated for non pg credit apps. Applying for sole prop credit would be verified by tax returns and time in business would not really be looked into for a decision. Just past two or three of tax returns.

[BRBiz]

Well I have two answers for you.. Just for the time of the corporation, they (you and the corp) are two different entities so you don't don't count the time as a sole prop.

Now my second answers is the opposite of the first.. If your using the same sole prop DBA name on the new corp you may be able to get DNB to update your file with your new corp name and keep the trades and history on the report. Know if they do that some creditors just use the info listed with DNB includingthe start date of the sole prop which will work in your favor. Experian and equifax may just update automatically. When I changed years back from a sole prop that is what happened to me with no issues and it really helps with getting better credit accounts.