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
Funadvice Logo

© FUNADVICE 2025 · 212bydesign LLC

Answering questions since 2006

[email protected]

Miami, Florida, USA