The Irish Doggy Posted September 21, 2011 Share Posted September 21, 2011 Yeah, those f'n banks don't seem to care what your receivables and inventory are, they still want the personal guarantee. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted September 21, 2011 Share Posted September 21, 2011 Sums it up nicely on how the IRS views you and I highly recommend getting a tax ID number and a separate bank account. Keeps everything separate from your personal affairs. I've formed LLC's and S corporations - all have their pros and cons. Screw those websites on setup, get a lawyer to set it up correctly. you are wise... my wife has 2 and we did the lawyer thingy and bank account thingy Quote Link to comment Share on other sites More sharing options...
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