In learning the techniques to establish unlimited
business credit, take moment to absorb yourself in a fail proof method,
designed to help you learn how to build your own business credit.
First, and foremost it is important to know that the information
provided here is not based on what has been read or heard, via other
sources, but based solely on 100% trial, error and success.
Step One: There a many
aspects to starting a business, but first you
need to consider licensing your business entity. You can apply for your
EIN number online or you may download the
form and send it via snail mail
There are three main types of
business types:
Sole Proprietorship: A type
of business that is owned or managed by one
person
Partnership: A legal
form of business that is owned by two or
more persons.
Corporation or LLC (Limited
Liability Corporation) A legal entity with
authority to act, and have liability
separate from it's owners.
Here we will we focusing on the
Limited Liability Corporation.
Step Three:
The process of establishing a limited liability
corporation (LLC) is a very simple process, and
we chose this type of business structure because
of its simplicity. This type of structure
provides the owner
a limited amount of liability for the debts and
actions of the corporation. There are also
many tax benefits to establishing this type of
structure. You will establish this
corporation so that you may begin to build your
credit under the LLC, instead of using
your own personal credit.
Visit your
State Corporate Division's website to download
the LLC forms you will need. This can be
easily done by using the following keywords
"Virginia State Corporate Division (substituting
your state)
Before completing the LLC form,
you need to conduct a search for available names
for your LLC. Please be sure to read all pertinent information on the site, as some
states are different from others.
Once
you have completed the form, you will then need to
type up a form called an
Article of Organization, which basically
provides information as to who will be running
the company. After you have completed both
forms, you will need to copy them and submit the
requested fee, usually $100.00 to your states
corporate division. The application process will
usually take about 30 days.
Step Four: While
waiting for your LLC documentation to return, you
will need to open a business checking account.
Be sure to take all necessary documents
regarding your business when opening your
business
account.
Two type of account that can
be used for business
A regular business account
can be opened with about $100.00 at most
banks, only requiring your business license
and the fee. This type of account is
recommended.
A DBA account Doing business
as, can be attached to a regular checking
account, and will allow you to cash and
deposit your business checks.
Step Five: You will
need a business phone number listed in your
business name. A business listing is
mandatory to your business credit building
efforts. Establishing your business
listing will cause you to start receiving
various business solicitations from various
credit card companies. If you are unable
to get a standard business phone or listing, you
may want to research
information on remote call forwarding, and check
with the company to see if they will allow that
number to be listed.
Step Six: Next, you will
begin opening some net 30 day accounts, which
are accounts that allow you to make a purchase
and pay within 30 days. The below accounts do not
require very much verifiable data. You
will want to start by opening a minimum of 5 net
30 day accounts. Make monthly purchases
and pay those accounts in advance of 30 days.
In learning the
techniques to establish unlimited business
credit, take moment to absorb yourself in a fail
proof method, designed to help you learn how to
build your own business credit. First, and
foremost it is important to know that the
information provided here is not based on what
has been read or heard, via other sources, but
based solely on 100% trial, error and success.
List of Net 30 day Business
Credit Accounts
http://www.uline.com Order catalog
online, place small order via fax, pay within 30
days
http://www.quill.com Register and
order catalog online, place minimum of $50.00
fax order, pay within 30 days
http://www.nebs.com Register online,
order catalog with this one I did a mail order
paying 50% of my order and leaving the rest to
be placed on account.
Making regular and consistent
orders, then submitting payments early, over
time will make this next step a lot easier.
Get an additional List of 22 other Credit
Accounts for your Business for $5.00
Only $5.00 This $5.00 will help us to maintain and update this
list to provide you with current information. We thank you for your help.
Step Eight: Applying
for your Dunn & Bradstreet Account after 3 to 6
months of using your net 30 accounts.
Usually most of the the 30 day nets will have
already sent in a rating on your account.
A paydex score is a score used to rate your
business credit worthiness. Visit
http://www.dnb.com
and apply for a D&B number. This usually
takes about 30 days, if you do not use the D&B
business builder plan with cost at this time
$400.00.
Within 30 days you will received
your D&B number, and most of the 30 day net
accounts will have already begin reporting,
giving you a pretty good paydex score.
Now, that you have your D&B account, you will
want to use the list of 22 Credit Accounts above
to apply for additional credit.
We thank
you for visiting this site, and if you have
contributed for your list of 22 Business Credit
accounts, we will send you updates as we add or
remove vendors from the list.
This article can be
reposted as long as you include the authors by-lines.
Author:
BJ Norman, Work
at Home and SEO Expert with more then 20 years of
experience in the work at home industry. BJ Norman,
holds an Associates of Computer Science, though Centura
College, and currently working on her Bachelors of
Business Administration. She has provided work at
home services and opportunities, as well as consulted on newly implemented work at home
opportunities. For more information please visit
http://www.newwork-at-home.com/wordpress
or learn more about Starting a
Business.
Want to establish your
Personal Credit and get the above CreditVendor List, as a FREE Gift??
Our purpose is to use resources available to help you in
cleaning your credit and establishing Triple AAA credit, as well as
establishing business credit and gain access to unlimited credit for
business building. This program is not affiliated in any way with
Obama.