My LLC has been in business for more than a year. Its name is associated with business credit cards, and since the LLC began operations, its credit score has grown. I now intend to create a second LLC, for which I will require business credit cards.
Will the new LLC need to start from zero when it comes to credit score? Or is there a means of connecting it to my former LLC?
In order to maintain a clear difference between myself and the enterprises, I also want to refrain from opening a business account in my name.
When I initially opened a business bank account, I was offered a business credit card. Although the application required using my personal credit, the card was for the business. I was approved for a limit of $15,000. I don’t have experience with your specific situation, as I haven’t applied for a credit card in that manner again. In my case, the credit limit was determined based on the funds deposited in the account.