Legal Question in Business Law in New York

Small Business Credit cards!

Hi,

i want to know, i'm getting in the

mail a lot of good offers for a small

business, like credit cards etc., may i

apply for it before i've legally filed my

business? meaning, that i haven't

set up a coorporation now for my

business and its not a business so

far.

also, may be a few tips how to

choose a good credit card for a small

business.

really appreciated in advance,


Asked on 4/06/07, 1:43 am

2 Answers from Attorneys
Robert R. Groezinger GroezingerLaw P.C.

Re: Small Business Credit cards!

Often the card holder agreement will make the memebers or officers personally liable for the debt. Be on notice.

Good Luck

RRG

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Answered on 4/06/07, 8:12 am
Johm Smith tom's

Re: Small Business Credit cards!

Mr. Groezinger is correct and you will be personally liable for all business debts incurred before you properly set up a company anyway. I like the AmEx small business card but you will have to shop around with an eye to interest rate, other fees, when terms change, etc.

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Answered on 4/06/07, 8:28 am


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