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starting a Corporation!

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Rooki

Guest
Hi, I have a friend that is now attending a siminar in which he says you can start a corporation in nevada and without exactly stating what kind of business u do or just limiting it to saying "Investment" and doing things like getting credit cards and department store cards u will be able to get build credit and get a $50,000 credit line, can someone tell me if this is something thats possible thanks in advance
 


ALawyer

Senior Member
While anyone can start a Nevada corporation witout disclosing much, that doesn't get you far. No smart bank or other lender would lend the new corporation money without it having some real valuable assets and/or a guaranty from its shareholders (with good credit ratings). Get real.
 
R

Rooki

Guest
nevada corp

Well actually what he says is you have to apply for credit cards and some department store cards and do things that will get u a good credit rating but still without any income i dont know if he can qualify for a loan, is good credit enough for a loan?

thanks
 

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