Credit Card for LLC - Pierce the Shield? - Posted by David G (OR)

Real Estate Investing Real Estate Law
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Posted by Rich[FL] on January 08, 2003 at 21:30:20:

If you have an LLC then you probably also have a bank account in the LLC’s name. Ask your bank if you can also get a business VISA to go along with the account. I just opened up my account today after forming my LLC. They offered me a check card (that doesn’t count against my maximum “free” transactions for the account) and they also have a business VISA I’m applying for which will be in the company’s name also. (They need to check my personal cerdit since I’m guaranteeing the VISA but it’s still in the company’s name.) I can’t say all banks have this but it wouldn’t hurt to ask.

Good luck.

Rich

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Credit Card for LLC - Pierce the Shield? - Posted by David G (OR)

Posted by David G (OR) on January 08, 2003 at 12:04:32:

I have an LLC. I also have a credit card under my name.
Can I say that the credit card is Only for business use
and use it Only for that without running the risk of someone
using this to “pierce my corporate shield”?

David G.