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#1
08-18-2007, 10:30 AM
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S Corp. : Individual's CreditWhat is the name of your state? NY If a company's account was to be put into collections, could it affect an owners personal credit? This hasn't happened yet, but things are a bit on the ropes. I'm a shareholder/ officer of the corporation, so preparing for the worst. Last edited by MrSkeptic; 08-18-2007 at 11:38 AM. |
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#2
08-19-2007, 12:24 PM
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| If the owner is personally liable for the debts of the S-Corp, yes, it will go on his/her credit.
__________________ "Knowledge is Power - use it as you see fit ! I am not a lawyer or a member of the legal profession. My advice is based on research and experience, my own and others, some who practice law. You decide for yourself what actions you do or do not take from my advice. |
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#3
08-19-2007, 12:39 PM
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| Thanks, though I suppose that would affect the majority shareholder and not me (I'm hoping at least). |
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