by Anonymous on June 13th, 2008

Anonymous

Question

Help answer this question below.

I want to buy a Corporation, is it possible to buy one with good credit history for future borrowing?

  • Like
  • Report

Answers. 8 helpful answers below.

  • by Annon on June 13th, 2008

    Annon

    You want to 'buy' a corporation? Which one?

    The reason I ask is because you can't really just 'buy' a corporation. They are made up of a lot of people who 'own' them, often shareholders, but more notibly the board of directors. When those people disappear, the corporation dissolves. A 'corporation' is a group of people who are considered one citizen. Corporations can merge, but it takes a lot more to actually 'buy' a corporation.

    Then again, it depends on how big it is.

    • Like
    • Report

    No comments. Post one | Permalink

  • by Scott D - ex-QnA on October 11th, 2008

    Scott D - ex-QnA

    You may buy a shell corporation for a modest sum, based upon its age and creditworthiness.

    No comments. Post one | Permalink

  • by ART on November 14th, 2009

    ART

    i want to know too

    No comments. Post one | Permalink

  • by Ali on October 11th, 2008

    Ali

    There are different types of corporations. An S corporation, which is the type you could buy is a closely held non publically traded corporation. I would be careful about buying one in hopes of borrowing on their credit history. Their credit worthiness is based on there ability to continue to generate revenue and likely to some extent the credit worthiness of the owners.

    No comments. Post one | Permalink

  • by Borderlinux on October 9th, 2008

    Borderlinux

    Sure...if you qualify ;)

    No comments. Post one | Permalink

  • by ImNotAnonymous-COAT of Maestro-ness on June 13th, 2008

    ImNotAnonymous-COAT of Maestro-ness

    Whoops. Ignore me.

    No comments. Post one | Permalink

  • by Servorum Dei on June 13th, 2008

    Servorum Dei

    It depends on how much you spend in your credit history, even if you have good credit, but you don't have a lot of money circulating, you won't get too much credit.
    It basically depends on the income

    No comments. Post one | Permalink

  • by Oscar L._R on May 31st, 2011

    Oscar L._R

    There are several ways in which to buy a Corp. If you are looking to buy a company for the purposes of being funded, there are several ways of doing this with out using your own personal credit or spending thousands of dollars. If you need more information please contact me.

    Oscar Rodriguez
    Higher Mind Consulting, Inc.
    (c)352-398-2153

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

You're reading I want to buy a Corporation, is it possible to buy one with good credit history for future borrowing?

Follow us on Facebook!

Related Ads

ANSWERBAG BUZZ

How to buy a corporation
Buy a corporation
Buy corporation
How to buy corporation
Buying an s corporation