Is it a good idea to buy and “aged” company to build business credit?
Some companies will sell “aged” or existing companies to you for a fee. However, there is no guarantee that those companies will have a positive business credit profile with the business credit bureaus. It’s highly risky and undoubtedly costly to spend thousands of dollars on an aged company profile when you can start from scratch and do-it-yourself in a few months.
Related Questions
- Im just starting a transportation company and trying to figure out how to build business credit outside my personal credit ?
- Business remains great at XYZ company, yet the stock is down significantly. Isn it a good buy?
- Is there a company or otherwise that would pay good money to buy my money making concepts?
