September 5th, 2011
Aside from asset protection and tax planning, another benefit to holding assets in a business entity is credit. When structured properly, business entities allow you to keep business loans off of the owner’s personal credit history. Business loans can drag down a credit score and result in an increase in the cost of borrowing – or depending on the debt-to-income ratios, can even result in losing credit opportunities.
Bryson Law Firm: Suwanee, Georgia. Attorney Richard Bryson has over 15 years experience with estate law, elder law, estate planning, probate avoidance, wills and trusts, tax planning, asset protection, personal injury and business formation. Contact our Gwinnett County law firm at 404-909-8842.