Woot.. I feel like I have a real business now

  • Thread starter Deleted member 4644
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Deleted member 4644

Just got a company credit card and business cards..

It's funny how a small square of plastic and a few small squares of paper make you feel so good.

I just hope it makes people take us seriously. Even in the internet age, being 23 and having a business can be hard.
 

yobarman

Lifer
Jan 11, 2001
11,642
1
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Cool! I am in the same position but am 22. It will be one month before we're "officially" live, so there's a lot of prepping going on in march.

What do you do?
 

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
You should just get regular individual credit card instead of company credit card. Company credit card doesn't offer the same great protection that individual has.
 
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Deleted member 4644

Originally posted by: Naustica
You should just get regular individual credit card instead of company credit card. Company credit card doesn't offer the same great protection that individual has.


Actually, I read the terms and noticed that....

In fact, we are an LLC, but I notice that the language of the terms specifically state we are PERSONALLY liable for any and all charges used on the business card (minus outright third party fraud).

A bit scary..
 
D

Deleted member 4644

Originally posted by: yobarman
Cool! I am in the same position but am 22. It will be one month before we're "officially" live, so there's a lot of prepping going on in march.

What do you do?

YGPM

 

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
Originally posted by: LordSegan
Originally posted by: Naustica
You should just get regular individual credit card instead of company credit card. Company credit card doesn't offer the same great protection that individual has.


Actually, I read the terms and noticed that....

In fact, we are an LLC, but I notice that the language of the terms specifically state we are PERSONALLY liable for any and all charges used on the business card (minus outright third party fraud).

A bit scary..

Yes, you're personally liable and you don't have the same benefits either. That's why I won't get a company CC even though the banks are trying to shove it down my throat. There's no benefit and only negatives in protection.
 
D

Deleted member 4644

What other benefits do they lack? Any small text I might be missing?
 

daveymark

Lifer
Sep 15, 2003
10,573
1
0
it gets old quick. I use my biz card maybe twice a month, if that. I kept the Amex and ended up dropping the the VISA/MC's that I had.
 

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
Originally posted by: LordSegan
What other benefits do they lack? Any small text I might be missing?

It's in the protection department. I can't remember offhand which protection but I know Clark Howard mentioned in couple times on his radio talk show.
 

dquan97

Lifer
Jul 9, 2002
12,010
3
0
I prefer using my individual cards and getting reimbursed for it later, since I get points from using my cards
 

DaTT

Garage Moderator
Moderator
Feb 13, 2003
13,295
122
106
Congrats!

I offer great CC protection. All I need from you is the CC number, EXP date, and the 3 digit code on the back of the card. ;)
 

Literati

Golden Member
Jan 13, 2005
1,864
0
0
Originally posted by: LordSegan
Just got a company credit card and business cards..

It's funny how a small square of plastic and a few small squares of paper make you feel so good.

I just hope it makes people take us seriously. Even in the internet age, being 23 and having a business can be hard.


Nice.

I just turned 24 and I know all to well trying to keep a business together at this age.

As far as being taken seriously, you'll get taken as seriously as you present yourself.

You'll be alright, just do everything proper and on time.

[edit]

That's just my .02

You probably don't need it but good luck!
 

Shadowknight

Diamond Member
May 4, 2001
3,959
3
81
Now it's time to embezzle from the company, then take for a country that doesn't have an extradition agreement with the U.S. ;)
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: LordSegan
Originally posted by: Naustica
You should just get regular individual credit card instead of company credit card. Company credit card doesn't offer the same great protection that individual has.


Actually, I read the terms and noticed that....

In fact, we are an LLC, but I notice that the language of the terms specifically state we are PERSONALLY liable for any and all charges used on the business card (minus outright third party fraud).

A bit scary..

Haha sweet. I'm 23 with an LLC also. I started in January. January sales were ~$1k, and this month I already hit $2.2k.

I'm solely an eBay business right now but I'm planning on going website soon.