It all depends upon how your business is set up. If is is a sole proprietorship – and many first-time businesses are – then you will be liable for that credit card debt, even if it is on a business credit card if your obtained that credit card using your own social security number. If you have set your business up as a Limited Liability Corporation, or LLC, then you’re only obligated up to the amount of your investment in the company, with a few exceptions. Read the rest of this entry »
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