If you have an established business, chances are, it has a credit score even if you’re not aware of it. Business credit ratings don’t make use of as many factors as private ratings and can be easier and faster to improve.
Limited liability entities (LLEs) are structured to separate owners from their business or to insert a "veil" between the two. This corporate veil protects owners and company officers from being held personally liable for claims against the business.
New York State’s Abandoned Property Law requires property abandoned with companies and state agencies, to be handed over to the Comptroller of the State in certain circumstances.