Have You Ever wanted to be more aware of happenings in the business credit world?

 We regularly search top headlines and break them down so you decide for yourself if these news releases can help improve your business credit.

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NEWS:

Housing, Credit Markets May Hurt Economy

The Associated Press
Monday, November 19, 2007; 7:54 AM
WASHINGTON -- The painful collapse of the housing market along with the credit crunch will weigh down economic growth in the final three months of this year and cause economic activity to lag in 2008.
It all means that the risk of a recession has increased, economic forecasters say.
http://www.washingtonpost.com/wp-dyn/content/article/2007/11/19/AR2007111900434.html?nav=hcmoduletmv

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How Do I... Choose a Business Structure
by Sharon McLoane
Choosing how to structure a business can be daunting for any small business owner or entrepreneur. Should a firm be a limited liability company (LLC), an S Corporation or something else?

"It's the No. 1 most misconstrued, misinformed decision that small businesses make today," said tax expert Gene Fairbrother of Dallas.

Much of the decision-making process should center on a company's current or potential tax situation and other financial parts of the business. When choosing how to structure a business, Fairbrother says don't consult solely with an attorney on the matter, but to high-tail it to an accountant or business consultant with tax expertise. continued......
http://blog.washingtonpost.com/small-business/2007/11/how_do_i_choose_a_business_str.html

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McClatchy News Breakdown:
While business credit cards are something you need to handle with caution, they can be used for short-term expenses. We recommend you know your budget, your slow periods of business and calculate a time frame to pay off or pay down the business credit card in a manner that cost the least to the business. Don't go overboard with credit, know your limits. We can help you establish the right kinds of corporate credit to help your business achieve its' goals. click here to learn more