Establishing a name, dedicated business phone, business address, business domain, and business email before forming your entity is crucial. This provides legitimacy, builds trust with customers, and separates personal and professional communications in the beginning stages of your business.
Funding Access
Securing funding is often a pivotal step in turning your business idea into a reality. Business entities provide a structured and credible framework that can attract investors, lenders, and venture capitalists. They show potential stakeholders that you are committed to running a legitimate and organized business.
Liability Protection
Creating a business entity, such as an LLC or corporation, separates your personal assets from your business liabilities. This separation shields your personal finances from being at risk if your business faces legal issues or financial challenges. It's a fundamental way to protect your personal wealth.
Tax Benefits
The choice of business entity can have a profound impact on your tax liability. Turn your everyday expenses into business expenses and take control of your money.
Limited Liability Company (LLC)
S Corporation (S Corp)
C Corporation (C Corp)
Launching your own business is a thrilling endeavor, but it comes with a multitude of important decisions. Forming your business properly not only affects your company's legal structure but also has significant implications for funding opportunities and tax minimization.
File your properly structured business entity on your own with our trusted partners at Bizee.com and Apply for an EIN Online for free. While we aim to empower each individual with the financial knowledge to be self sufficient in a chaotic world, consulting with a financial advisor or business expert is recommended to ensure the right decisions are made for your specific situation.
The Dun & Bradstreet D-U-N-S® Number is a unique nine-digit identifier for businesses that is associated with a business’s Live Business Identity which may help evaluate potential partners, seek new contracts, apply for loans, and so much more.
The business credit score (ranging from 1 to 100) looks at payment behavior, primarily on commercial accounts, including the number of delinquent accounts and the number of accounts with payment terms beyond net 30 days. To obtain a credit report with Experian you must have a vendor report a tradeline to Experian.
Equifax is used by a lot of cash lenders and banks. Equifax is the least used of the three nationwide business credit reporting agencies. Very few lenders report to Equifax. Your EFX ID is a unique nine digit number that identifies your business.
Net-30 accounts are accounts that extend you 30 days to pay the bill in full after you have purchased products. Net 30 accounts allow you to buy now and pay later. Commonly known as vendor credit, supplier credit, and trade credit. Vendors that report those payments to commercial credit agencies help your company establish strong business credit scores.
Tier 1 business credit accounts are reported to multiple commercial credit reporting agencies to help build business credit.
This Tier 1 program is perfect for new businesses as well as established businesses in the early stages of building business credit with just their Tax ID.
By choosing to have your transactions billed to your account, a commercial credit relationship will be established between the vendor and your business.
Each vendor account listed here offers a wide variety of products that many businesses can use. By purchasing items you need for your business on payment terms and then paying on time, you build a positive business credit profile.
Nav Prime isn’t technically a net-30 vendor because you pay as you go, but paying your bill every 30 days can help you build business credit history by establishing a new tradeline with multiple business credit bureaus. You also get a second tradeline with your regular use of the built-in Nav Prime Card. Reporting is never negative.
Creative Analytics is a full-service digital marketing and management strategy consulting agency that offers 3 different types of business accounts to choose from to build credit.
Office supplies, custom website design and branding services, business accessories, electronics and custom apparel.
Digital marketing agency specializing in web design, app design, and digital marketing services such as PPC ads, SEO, and logo design and branding for both new and growing businesses. Fidextech also offers web hosting packages and domain names. It reports monthly to one of the major business credit reporting agencies.
Power Up Your Business:
Elevate Your Marketing and Sales with HighLevel's
All-in-One Platform!
ClickFunnels Gives You Everything You Need To Market, Sell, And Deliver Your Products Online
TAKE CONTROL OF YOUR FINANCES.
DEVELOP A PERSONILIZED FINANCIAL WEALTH BUILDING STRATEGY WITH A LICENSED PROFESSIONAL