- Incorporate or form an LLC for your business! If you have not done this yet, call Nevada Corporate Planners, Inc. at 1-888-627-7007!
- Stop using your personal credit cards to finance your business.
- After you form your LLC or corporation for your business, apply for a business credit card in the name of the LLLC or corporation.
- Set up a plan to pay down your personal revolving debt to the 5-20% range. Fist, develop a 8 month personal emergency fund. If you require $6K per month to live personally that means you will need $48K in savings first for your personal emergency fund. After that, start to pay down your personal credit cards. Do not pay them off each month. You will improve your credit score by leaving a small balance of 5% each month.
- Set up a merchant account to accept credit cards for your business. For the best rates and service contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for a referral.
- Develop a D & B® profile for the LLC or Corporation. We would recommend you do not do this on your and contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for options in this area. Continue reading →
Entries Tagged 'Starting a Business' ↓
The Master Implementation Guide to CA$H for Your Business!
February 8th, 2010 — Business Credit, Dun and Bradstreet®, Incorporation, Merchant Accounts, Personal Credit, Starting a Business
How can You Avoid Costly Mistakes when Developing Business Credit!
January 4th, 2010 — Business Credit, Business Financing, Dun and Bradstreet®, Small Business, Starting a Business, business credit
I’ve seen made by hopeful, yet sadly uninformed individuals over the years.
Here are a few more secrets to give you the ability to avoid common mistakes. When it comes to developing business credit you need every secret you can get.
Avoid Costly Mistakes when Developing Business Credit!
How to Form a S Corporation.
March 23rd, 2009 — Business Financing, IRS, Incorporation, S Corporation, Starting a Business, Taxes, business credit
Want to know how to form a S Corporation?
Before you start a business, be sure to do your homework. Hire a professional to help you through the process, review the advantages and disadvantages of each type of business, and establish business lines of credit so that you can have sufficient capitalization for your venture.
How to Form an LLC Taxed as an S Corporation
March 18th, 2009 — Incorporation, S Corporation, Starting a Business, Taxes
If you want to form a Limited Liability Company that will be taxed as an S Corporation, you’ll want to know some basic information before you start a business. Many people choose to form their companies as an LLC but with the S Corporation taxation election. Why? Continue reading →
How to Form a LLC in California.
March 9th, 2009 — California Incorporation, Incorporation, Small Business, Starting a Business
How to Form a California LLC? If you’re ready to form an LLC in California, the best course of action is to hire a professional who specializes in the formation of Limited Liability Companies and corporations. If you make rookie mistakes, it could have a huge impact on your business. You’ll also want to take some steps to develop a plan for establishing business credit.
