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Great video! I learned a lot and also got a better understanding on how some things go.
A point about business credit cards though because someone in the chat mentioned that it doesn’t report to your credit. Idk about all business credit cards but I have 2 business credit cards with Capital One and they report to my personal credit as well as my business credit. However, they don’t report to your authorized users because they’re considered employees.
Another way to save money with business is the places you purchase your goods from to run your business, open up a business credit card or cash accounts. A lot of places I purchase parts for my equipment I have cash accounts and the perk for my business is that I’m tax exempt. It doesn’t matter if it’s the traditional place either if you can purchase something for your business there, you can most likely open up an account for tax exempt purposes. For instance, I have tax exempt account at Home Depot. I buy the obvious things like tools and supplies but this year one of my properties I’m doing remodeling on I was able to get the supplies under my business tax exempt account because that’s the address I use for my business.
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