How To Start An Old Company

One of the most important corporate tools is credit. Credit is what allows companies to buy capital equipment, expand into new or larger locations, and grow their product line and production capacity.

Unfortunately, credit is also the modern day equivalent of the chicken-and-the-egg riddle. How does a new company get credit when they have no credit history?

There are ways to buy old companies that have already established credit lines and filed tax returns. A recent article at MSNBC painted one such company in a negative light because of the fraud attributed to some of their customers. But for ethical business operators this may be one way to jumpstart a business.