How do I get a business line of credit for an LLC?
My boss, the owner of a small LLC, is having problems getting a loan for the LLC because he has credit card debt, and a credit score between 650 and 700. Someone told me that we could use an officer of the company to guarantor a loan for the LLC, and not use my bosses name or info. Is this true?
Sound tax and accounting procedures are essential to growing a financially secure company. But multiple hiccups threaten the accuracy of these processes, elevating the risk of compliance penalties and reputational harm.