Is it possible for a currently-credit-troubled person to get my LLC off the ground?
February 27, 2012 3:02 PM Subscribe
Will I have to undergo a credit check in order to form an LLC and open a business checking account for that company?
posted by anonymous to Work & Money (11 answers total) 2 users marked this as a favorite
I have some not-yet-resolved credit/tax-related issues in my personal financial past, and I've been assuming that I need to wait until those are cleared up before I can form my own LLC and get a business checking account.
But some Google searching has been suggesting that I'm wrong about this, and I might actually be able to pursue the LLC path before my personal crap is cleaned up. That would be totally awesome if so.
My sense is that forming the LLC is probably not the problem, but that even to try to get a basic checking account under the business's name I'll also have to provide my personal SSN... and I'm assuming that that will bring things to a screeching halt (and maybe even get me on the radar of organizations I'd prefer not to until I've got my act more together). Can anyone who has been through or has other basic-level insight on the LLC-creating process let me know if I should just put it out of my mind for the time being, or if there might be a way to make this work? Any book or website recommendations would also be welcome. It seems like there's a lot of confusion (and scamminess) in the info I'm finding so far.
If the general sense here is that it's a non-starter, I won't go through the trouble of paying an accountant/lawyer/tax adviser... but if it looks like there might be a way, then I'll happily seek the services of the appropriate professional.
I'm in upstate NY, if it matters. Thanks all!!