How to keep the credit profile of a corp after merging into a new corp in another state? - GoFuckYourself.com

VikingMan · 12-24-2010, 03:16 AM

I understand the way to move a corp is to either dissolve and form a new corp or to form a new corp and then merge the old corp.

But how do you ensure that the good credit profile you have built up is associated with the new corp? I was told I would have to use the FEIN of the new corporation.

1. use exact same corporate name and dba(s)
2. alert the credit bureaus
3. ?
4. ?

*Reason for not just registering as a foreign corp in the new state is due to the high taxes and fees of the original state.

wdsguy · 12-24-2010, 04:11 AM

I'm actually in the same situation regarding a S corp, would like some answers on this.

Would hate to start over with banks/amex

TCLGirls · 12-24-2010, 04:22 AM

This question is properly reserved for GFY's corporation law specialist, Sally Rand.

wdsguy · 12-30-2010, 06:49 PM

bump bump

12-24-2010, 03:16 AM	#1
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,457	How to keep the credit profile of a corp after merging into a new corp in another state? I understand the way to move a corp is to either dissolve and form a new corp or to form a new corp and then merge the old corp. But how do you ensure that the good credit profile you have built up is associated with the new corp? I was told I would have to use the FEIN of the new corporation. 1. use exact same corporate name and dba(s) 2. alert the credit bureaus 3. ? 4. ? Reason for not just registering as a foreign corp in the new state is due to the high taxes and fees of the original state. Last edited by VikingMan; 12-24-2010 at 03:20 AM..*

12-24-2010, 04:11 AM	#2
wdsguy Ryde or Die Industry Role: Join Date: Dec 2002 Location: California-Shanghai Posts: 19,568	I'm actually in the same situation regarding a S corp, would like some answers on this. Would hate to start over with banks/amex

12-24-2010, 04:22 AM	#3
TCLGirls Confirmed User Industry Role: Join Date: Feb 2010 Location: California Posts: 3,068	This question is properly reserved for GFY's corporation law specialist, Sally Rand.

12-30-2010, 06:49 PM	#4
wdsguy Ryde or Die Industry Role: Join Date: Dec 2002 Location: California-Shanghai Posts: 19,568	bump bump