Hope someone can help.
I understand that holding properties in corporations protects to owner 's personal assets, but this is only affecting the deed. I’d like to take it a step further and have the mortgage report to the business’s EIN instead of the SSN in a personal credit report.
Does anyone know of any lenders or methods that will allow this?
Thanks in advance,
Jaz
The lenders who will loan to a corporation will require a personal guarantee unless the business has a solid history.
Corporations only protect the owners assets if the owner doesn’t participate in the business and even then personal creditors can sieze the owner’s stock and liquidate the company.
personal creditors can sieze the owner's stock
which is why the LLC is a stronger form of organization in states with charging order protection.