(Spoiler alert: no)

I read a lot about all sorts of everything (Not politics. I loathe politics). What’s getting my attention now is talk of a bubble in the art market. The concern seems valid, with super-cute balloon animals and duct-taped bananas demanding outsized prices, getting a lot of social media scorn, and even some thoughtful discussion by credible academics. More relevant, in my opinion, are the wealthy celebrities paying generously for artworks by Old Masters and Young Lions alike. 

Maurizio Cattelan's Comedian, for sale from Perrotin at Art Basel Miami Beach.

Photo by Sarah Cascone.

How To Count Money provides artists, art collectors, and organizations the tools and information they need to manage their careers, art collections, finances and lifestyles.

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4 Things People Get Wrong About Business Credit

It’s really surprising to see how many business owners have no idea about how business credit works. But when you do, you can not only work on establishing and improving it but prevent the mistakes that could hurt it without you realizing. The problem is that there are too many myths and preconceived ideas about business credit, which can end up severely limiting business owners in their options. Let’s take a look at some of the things people get terribly wrong about business credit.

Paying Vendors and Creditors Automatically Improves My Credit

One of the best ways to build credit is to have lines open with vendors and suppliers. However, that doesn’t mean that every transaction will be automatically reported. Only certain vendors report to bureaus, so make sure that you know before you open a credit line so you don’t end up wasting your time.

Personal and Business Credit are Calculated the Same Way

This couldn’t be farther from the truth. Business and personal credit are very different from one another. For one, there is no set credit score for businesses like there is with personal credit. A lot of different factors are also looked at when establishing business creditworthiness that aren’t with personal credit. That includes things like information about your business’s activity on the internet, filings, and information from data furnishers.

If you really want to know how business credit is calculated, and what you can do to fix it, we strongly suggest you check out this page from Advanced Point Cap. You cannot go in blindly without understanding what truly impacts your credit. Only when you understand what business credit is and isn’t will you be able to work on building it.

Paying on Time Builds Credit

Sure, having a good payment history with a reporting vendor is a great way to improve your credit. But, while paying on the due date is great, you could get even greater benefits if you pay early. This might be a challenge for certain businesses, but if you can manage to pay bills early, this will show on your reports.

Business Credit is Not Really a Necessity

While you have a lot of options as a business owner and can offer personal guarantees, that doesn’t mean that vendors or creditors won’t be looking at your credit score. And since business credit isn’t regulated like personal credit, they are under no obligation to tell you that they looked it up.

There are some cases when a supplier might decide to cancel your account after seeing your credit score. Potential partners may also see your bad credit as a warning sign. So, don’t make the mistake of thinking it’s irrelevant, and work on building a solid history.

Now that you know a bit more about business credit, you can take the steps necessary to get on the right path. Make sure that you maintain a good relationship with your suppliers, and understand what really impacts your credit so you can make the right choices.

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Clerestory Fine Art showcases artists from Montclair and surrounding northern New Jersey towns by presenting museum-quality work and collaborating with local arts organizations and collectors.

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St. Louis Opera Gets $45 Million, and a Google Founder’s Father Pledges $1 Million for Dance Post (Gifts Roundup)
Opera Theatre Saint Louis

Phyllis Brissenden left an estimated $45 million for endowment, which will more than double the opera company’s endowment to roughly $80 million.

Brissenden, who died in December at age 86, had been a life-long donor to the opera company, starting with its first season in 1976. Prior to her bequest, she had given the organization a total of $2.5 million during her lifetime. Brissenden served on the company’s Board of Directors for many years and led its National Patrons Council from 2010 to 2017.

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Andrew Jorgensen, general director of Opera Theatre St. Louis, with the late donor Phyllis Brissenden



Andrew Jorgensen, general director of Opera Theatre St. Louis, with the late donor Phyllis Brissenden

She had worked for the United Way in St. Louis during World War II and was the widow of Walter Brissenden, a retired Bell Telephone executive who died in 1986.


University of Mississippi

Brothers Jim and Thomas Duff pledged $26 million to help pay for a new science, technology, engineering, and mathematics building.

The Duffs founded Duff Capital Investors, a Columbia, Miss., holding company through which they own a variety of businesses, including Southern Tire Mart, which their late father, Ernest, started in 1973.

The Duffs have a long history with the university. Ernest Duff earned undergraduate and law degrees there, and Jim Duff’s daughters, Margaret and Caroline, are law and liberal arts students, respectively.

University of Alabama

C.T. and Kelley Fitzpatrick committed $20 million to support the Culverhouse College of Business and establish the C.T. and Kelley Fitzpatrick Center for Value Investing. Some of the money will also go toward the university’s intercollegiate athletics programs.

C.T. Fitzpatrick founded Vulcan Value Partners, an investment-management firm in Birmingham, Ala. He earned a bachelor’s degree in commerce and business administration from the university in 1986. The university’s Manderson Graduate School of Business is named for Kelley Fitzpatrick’s father, Lewis Manderson.

Syracuse University

Chuck Klaus and Marylyn Turner gave $15 million to back scholarships and two immersion programs within the College of Visual and Performing Arts’ School of Art.




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