I'm thinking about applying for Chase Ink Cash. Would it be a problem if I used it to buy lumber to hit the 6k faster? This would be my first business cc, so I'm not familiar on the rules. Do people actually use this card as a personal cc even though its a business? Does it get reported to the IRS?
I like this idea bro! You can use them for personal expenses yes, but not entirely recommended. Your accountant will be able to help you out there though. There could be someway to get that lumber counted as a business expense. Credit cards don’t report to the IRS directly, you input the information from your financial documents. If you decide to apply, make sure you click the link in the description for the best sign-up bonus! Good luck bro 💯
@@Ralphmeansbiz one more thing. i created an LLC back in august 2023 however it has the name skin in it as i’m in esthetics. i don’t believe thats high risk however what if i just use a DBA. my score is in the 730s.
What business would you start leveraging the power of business credit cards?
I got Amex bp
Don't forget to fill out your BOIR Report with the treasury department
Thanks for watching & sharing! 👍
I'm thinking about applying for Chase Ink Cash. Would it be a problem if I used it to buy lumber to hit the 6k faster? This would be my first business cc, so I'm not familiar on the rules. Do people actually use this card as a personal cc even though its a business? Does it get reported to the IRS?
I like this idea bro! You can use them for personal expenses yes, but not entirely recommended. Your accountant will be able to help you out there though. There could be someway to get that lumber counted as a business expense.
Credit cards don’t report to the IRS directly, you input the information from your financial documents. If you decide to apply, make sure you click the link in the description for the best sign-up bonus! Good luck bro 💯
Just starting out myself good information bruh
Good luck on your journey bro! Thanks for tuning in, stay locked in with me I been there too! 🫡💯
Can you open a chase business cc without having any relationship with them
Yes, you can! 👍
Salute bro..
🫡
If you buy a car with the business credit do you get the link slip?
If you buy it outright, definitely. Private sale or auction.
nice video
Appreciate you bro! 🫡💯
Me I’m struggle getting business credit
Where do you feel like you’re having the most trouble trying to obtain business credit?
Loved it! If I get a new LLC this month how long should i wait to apply for business funding?
If your credit is where it needs to be, I’d say 3-6 months once your business is fully structured.
@@Ralphmeansbiz one more thing. i created an LLC back in august 2023 however it has the name skin in it as i’m in esthetics. i don’t believe thats high risk however what if i just use a DBA. my score is in the 730s.
Am legal shield associated
???
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🫡💯