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Help answer this question below.
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.
You may buy a shell corporation for a modest sum, based upon its age and creditworthiness.
i want to know too
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.
Sure...if you qualify ;)
Whoops. Ignore me.
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
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
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You're reading I want to buy a Corporation, is it possible to buy one with good credit history for future borrowing?
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