"Unless you do something stupid like personal guarantees on loans or do not incorporate." Entities lending money are not stupid. You can't just start a new bu

"Unless you do something stupid like personal guarantees on loans or do not incorporate." Entities lending money are not stupid. You can't just start a new business, incorporate, and then go out and have your corporation get a loan. Lenders are obviously aware that the corporation is not credit-worthy, will demand personal liability on the loan, same as they would if your business had no corporate form.