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Re: Want to open coffee shop but unsure about financing Aug 30, 2009 3:16 PM
Unfortunatley, there is no quick solution. The good news is it can be done. My recommandation is; setup everything the right way, A corporation is like a legal person with all the benefits plus has more advantages, such as a lot more credit, much faster, many lines of credit, unscured and a whole lot more. Start a C-corporation and build credit to it as fast as you can. When the corporation has established credit, you can do just about everything you need.. To get to supply credit, it takes 6-9 months. it can be done much faster, if you get an existing corporation that is over 2 years old. Or a corporation that already has perfect score and ready for credit building. You can build hundreds of thousands of corporate credit in a 18-24 months or less, depending on the circumstances. there are so many misconceptions about corporations. If you know what you are doing or you have an expert by your side, you can benefit so much from having a corporation or two.
You should start a corporation as soon as you can. there is no downside. it is all good.If you know anyone who has or had a corporation that they have no use for, there is a good chance you can take over, with proper paperwork and build credit to it. I hope this information is helpfull. if you have any questions you can send me an email
good luck
sha noveen
sha.noveen@yahoo.com
949-201-6042