Business Talk - RE: Corporate structure ..credit...etc etc

[Arab_Sex]

So you go and file to form a corporation....S - C - or LLC

You get your EIN number, open up your corporate bank accounts.

You apply for a D & B number.

BUT HOW THE FUCK DO YOU START CREATING A CORPORATE CREDIT PROFILE?

No I do not want to piggyback on my own personal credit history.

I dont want to piggy back on anyones personal or corporate credit profile.

Those bullshit 3 am infomercials are worthless.

Anyone working out of NY that might have a list of resources?

[spunkmaster]

D & B will let you pay them to add new credit accounts so every time you open a new account (or every six months so you have a history). After 18 months or so you'll have a D & B score of 70 or better because you only tell them of your good paid on time accounts.

Every new account you get for internet, phone, car, kinkos, best buy, staples, office depot and anything else you put in your business name and sign as the guarantor.

A D & B score of 70 for a business is equal to about a 750 FICO score.

Your goal should be a D & B score of 65 or above since this is considered golden and then after this you can get business credit without all the bullshit !

[Arab_Sex]

you the man
THANKS!