Credit Score affected when becoming business partners?

Will going into a business partnership with someone who’s filed for bankruptsy 3 years ago affect my own credit. We are currently working side by side as sole proprietors and are concidering joining to become one LLC. I’m worried my credit score will be affected if we do this. Any advice?

Answer #1

It won’t affect your credit, but it may make business purchases or loans more difficult.

More Like This
Ask an advisor one-on-one!
Advisor

Top Credit Relief

Debt Relief Agencies, Personal Loans, Credit Score Improvement

Advisor

Business Building Solutions

Finance, Small Business, Loans

Advisor

Business Building Solutions

Financial Services, Business Loans, Small Business Funding

Advisor

Business Funding Now

Business Funding, Commercial Business Funding, Building Business Credit

Advisor

Leaf Credit Solutions

Credit Repair Services, Financial Services, Business Services